The crisis has shown us that the role of the Central Bank has rarely been more central to global economic welfare. Calls for more, or less, or faster or slower money growth, for new rounds of quantitative easing, for enhancement of the role of Central Banks as lenders of last resort (but to whom?), discussions on the desirable or undesirable role of inflation…. In this context it is essential for any business to understand what a central bank does and does not do.
Taught by Professor Karl Whelan, who has over a decade worth of experience as a central banker in the Federal Reserve and in the Central Bank of Ireland, this course delivered by my Campus Company will examine among other issues
- If and if so how central banks influence interest rates and the money supply.
- Lender of last resort operations and banking regulation
- Quantitative easing
- How major central banks are structured, their legal limits and how they communicate (and how to decipher this)
- Liquidity traps
- Sovereign debt and central banks.
- MMT (Modern monetary theory).
- Credit risk in the Eurosystem of central banks and the correct interpretation of movements in payment systems and TARGET2.
- The euro area crisis and scenarios for a euro break-up.
Coming when the global cental banking debate intersects with the role of the ECB/Central Bank of Ireland on the issue of the Anglo Irish Bank Promissory Notes, this course should enlighten and provide business context to these issues.
Karl presented a discussion on exceptional liquidity provisions by the Central Bank of Ireland on Friday 27 January. His slides are
The rise of the Asian economies will be the dominant theme of the next decade it is now clear. Ireland exports relatively little to this area, although this is growing fast. A course on euro-asian business relations will be run by my campus company on 8-9 March, led by Professor Bernadette Andreosso. Bernadette is Director of the Euro-Asia Centre, Kemmy Business School, University of Limerick.
Full course details are available (on our beta site) here but the course topics include: the economic rise of Asia; the EU Global Strategy and Asia; EU-Asia Trade, investment and financial relations; the EU-South Korea FTA and the EU-India FTA (a comparative perspective); the interface between the EU and the Chinese economies; EU-Japan and EU-ASEAN relations; integration in Asia (monetary integration and trade patterns); the role of Asia in the current economic crisis.
Any business which is or which is contemplating doing business in Asia, or which finds itself under competitive pressure from this region, as well as policy makers and policy formers should consider attending. It should be appealing to all those confronted with decision making in a multi-polar world which is increasingly shaped by a number of emerging economies in Asia.
These topics will be covered by means of lectures as well as small workshops so as to maximise the level of interaction between the various participants.
QFA participants should note that CPD Hours are awarded: 4 QFAs CUAs LCOIs, 12 Chartered Bankers – CeBs.
The first course to be run by my Campus Company, Ussher Executive Education, takes place on 5 March 2012. It’s a course on the future business prospects for the Irish economy, looking back at what happened during the Celtic Tiger era (which properly speaking is the period from about 1997 to 2001/2002), the lasting influence of the bubble, and where business might be going.
The following is indicative of the kind of material that will be covered
- Ireland’s potential for growth: Which elements of the Celtic Tiger will return, which will not?
- what is the outlook for banking, for credit growth and creation, and for the housing market.
- what’s going to happen with regard to Ireland’s national debt, and how will this impact on business.
- can the Euro breakup, and if so what are the implications, good and bad, for Irish Business.
- Where will jobs be created and where will they be lost in the next decade
The course will be delivered by Professor Karl Whelan. Full details are available here
The course should be of great benefit to anyone who wishes to gain a comprehensive overview of the present state of the irish economy from a business perspective.
As many of you know I have started a Campus Company, Ussher Executive Education, specializing in non-certified executive education.
I am pleased to announce that we have now gotten information from the QFA board as to the CPD hours which will be awarded under the various headings.
The spreadsheet is noted below : it contains hyperlinks under each course or instructor, as well as a listing of hours granted. It is further broken down by the retail financial products. So if you require CPD there is now one further route.