Open Market Operations (OMOs) and Repurchase Agreements (Repos)

Open Market Operations (OMOs) are the principal instrument used by central banks to implement monetary policy by managing the liquidity in the banking system, and **Repurchase Agreements (Repos)** are the most common instrument within this toolkit. This technical course provides a dedicated, hands-on examination of the theory, mechanics, and risk management of repos and reverse repos in the context of central banking. Participants will delve into the legal and operational details of these secured transactions, learning how they are used for both fine-tuning market liquidity and executing structural policies like Quantitative Easing (QE), while mastering the critical aspects of collateral management and counterparty risk.