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X-ORIGINAL-URL:https://mefmi.org/
X-WR-CALNAME:MEFMI
X-WR-CALDESC:- CELEBRATING 3 DECADES OF CAPACITY BUILDING
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BEGIN:VEVENT
CLASS:PUBLIC
UID:MEC-44e207aecc63505eb828d442de03f2e9@mefmi.org
DTSTART:20261102T090000Z
DTEND:20261106T160000Z
DTSTAMP:20251214T072500Z
CREATED:20251214
LAST-MODIFIED:20251214
PRIORITY:5
TRANSP:OPAQUE
SUMMARY:Monetary Policy in the Age of Fintech
DESCRIPTION:Background\nThe rapid growth of financial technology (fintech) across Africa is transforming the financial sector, offering innovative alternatives to traditional financial services. Fintech platforms are enhancing financial inclusion, lowering transaction costs, and expanding access to credit. These developments have the potential to reshape key macroeconomic relationships, including the effectiveness and transmission mechanisms of monetary policy. As fintech adoption accelerates, it becomes increasingly important for central banks to understand its implications for monetary policy formulation and implementation.\nFor instance, increased use of digital currencies, mobile payments, and peer-to-peer lending may influence money demand, velocity, and the operational channels of monetary policy. Despite these dynamics, the relationship between fintech and monetary policy remains underexplored and complex. It is against this background that MEFMI will conduct a workshop on Monetary Policy in the Age of Fintech. This workshop seeks to bridge this gap by equipping policymakers with the knowledge and analytical tools needed to assess and respond to the evolving interplay between fintech and monetary policy in Africa.\nObjectives\nThe primary objective of this course is to provide participants with a comprehensive understanding of the interaction between fintech and monetary policy. Participants will explore how fintech innovations affect monetary aggregates, policy transmission mechanisms, and central bank operations. The course will also provide insights into appropriate policy and regulatory responses to ensure financial stability while fostering innovation.\nContent\nThe course will cover the following core topics:\n\n\nIntroduction to Fintech and Monetary Policy.\n\n\nOverview of fintech developments in Africa.\n\n\nReview of monetary policy frameworks.\n\n\nIdentifying key points of interaction between fintech and monetary policy.\n\n\n\n\nThe Impact of Fintech on Monetary Policy Operations\n\n\nEffects of fintech on money demand, supply, and velocity.\n\n\nFintech and the monetary policy transmission channels.\n\n\nCase studies: Country experiences in Africa.\n\n\n\n\nQuantitative Assessment and Econometric Modelling\n\n\nModelling the fintech–monetary policy nexus.\n\n\nIntroduction to Vector Autoregression (VAR) and Generalized Method of Moments (GMM);\n\n\nPractical exercises with macro-fintech datasets.\n\n\n\n\nPolicy Implications and Regulatory Frameworks\n\n\nDesigning policy responses to fintech-driven changes.\n\n\nPrinciples for effective fintech regulation; and\n\n\nAligning innovation with monetary stability and financial integrity.\n\n\n\n\nTarget Group\nThis course targets mid- to senior-level officials from central banks and ministries of finance who are involved in monetary policy analysis, formulation and implementation.\n
URL:https://mefmi.org/events/monetary-policy-in-the-age-of-fintech/
CATEGORIES:MACROECONOMIC MANAGEMENT
LOCATION:Online
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