
12-month residential program

A curriculum obsessively focused on central banking

Deep MIT faculty involvement

New, state-of-the-art campus in Kuala Lumpur
OUR MISSION IS TO NURTURE THE CENTRAL BANKERS OF THE FUTURE
Central banks are carrying out their mandates in a challenging economic environment and a world of fast-changing financial systems. In maintaining monetary stability, supervising banks, overseeing payment systems or managing reserves, they must transform themselves technologically.
The Master in Central Banking (MCB) program builds on the formidable intellectual resources of MIT – itself a major source of the innovations that are reshaping the environment for central banking – to equip participants with the analytical tools and the insights of experience that will allow them to embrace the challenges of the future.
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WHAT SETS US APART


WHAT THEY SAY ABOUT US



The Asia School of Business ranked as Malaysia’s top economic research institution (Ideas Repec)
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A CURRICULUM THAT FOCUSES OBSESSIVELY ON CENTRAL BANKING
Systems Thinking
- Challenges of central banks
- Crisis prevention and management
- Capstone project
Financial Stability
- Financial institutions accounting
- Management of financial institutions
- Functional regulation and supervision
- Macro-prudential supervision
- Regulation, cybersecurity and AML
Macroeconomic Stability
- Macroeconomics: growth flunctuations and debt
- Foundations of monetary policy
- Monetary policy operations
Data and Digital Technology
- Research methods for central bankers
- Data analytics
- Payment systems and digital currencies
Financial Markets
- Financial market and asset pricing
- Digitally transforming finance
- Behavioral finance and inefficient markets
Governance and Leadership
- Strategy, leadership and organizations
- Ethics
- Political economy of central banking
- Central bank governance
- Communication and negotiation
ACADEMIC CALENDAR
Our full-time, 12-month MCB program features a core curriculum taught by MIT Sloan and ASB faculty, complemented by visits to financial institutions in the US and Asia. The curriculum includes a six-week residential program at the MIT Sloan campus in Cambridge, Massachusetts. The next intake is September 2023.
MIT IMMERSION
WORLD-CLASS FACULTY
The Master of Central Banking is taught by a mix of MIT Sloan faculty and world-class resident faculty at Asia School of Business. MIT Sloan faculty members teach both in Kuala Lumpur and during the six-week MIT Sloan Immersion. Additionally, former central bank governors and central bank experts from around the world teach short modules.
PROGRAM LEADERSHIP
Sanjay Sarma
Incoming Dean, Chief Executive Officer and President
Hans Genberg
Senior Director of Banking and Finance Programs
MIT ENGAGED FACULTY
Kristin J. Forbes
Jerome and Dorothy Lemelson Professor of Management
Simon Johnson
Ronald A. Kurtz
(1954) Professor of Entrepreneurship
Deborah Lucas
Sloan Distinguished Professor of Finance
Robert C. Merton
School of Management Distinguished Professor of Finance
ATHANASIOS ORPHANIDES
Professor of Practice, Global Economics and Management
Jonathan A. Parker
Robert C. Merton (1970) Professor of Finance
Roberto Rigobon
Society of Sloan Fellows Professor of Management
Antoinette Schoar
Stewart C.
Myers-Horn Family Professor of Finance
Eric So
Sarofim Family Career Development Professor
ASB RESIDENT FACULTY
Triwit Ariyathugun
Assistant Professor of Economics
Ph.D. Chicago
Kevin Crow
Assistant Professor of International Law and Ethics
Ph.D. Universität Halle-Wittenberg

Ozer Karagedikli
Professor of Practice and Director of Central Banking Research Centre (CBRC)
Anella Munro
Professor of Economics
D.Phil. Oxford
Michael Frese
Professor of Management
Ph.D. Technical University Berlin
Ong Shien Jin
Professor of Practice
Ph.D. Harvard University
AN EXTRAORDINARY ADVISORY BOARD
The Master in Central Banking benefits from the wisdom of an extraordinary Advisory Board, composed of a Nobel laureate and former central bank governors from around the world. The Advisory Board was deeply involved in the design of the program and development of the curriculum. Some of its members also teach in the program. Professors Merton and Orphanides are regular faculty members, while other Board members give guest lectures or teach short modules.
CO-CHAIRS OF THE ADVISORY BOARD
Our understanding of how to extract maximal information from financial markets has increased dramatically, and having the analytical tools to make proper use of such information is critical for modern central banks. ASB’s program in Central Banking will provide the necessary tools and knowledge to support this strengthening of central banking capability.
We believe that the ASB’s Master of Central Banking, in collaboration with the MIT Sloan School, will support the advancement of talent development for central banking around the world. In a rapidly changing and highly challenging environment, the demands on central banks are immense. Central bankers therefore need the capabilities to deliver the best possible policies and outcomes. Our program aims to contribute to building such capabilities.
OTHER ADVISORY BOARD MEMBERS
Soedradjad Djiwandono
Former Governor of Bank Indonesia
Jose De Gregorio
Former Governor of the Central Bank of Chile
Patrick Honohan
Former Governor of Central Bank of Ireland
ATHANASIOS ORPHANIDES
Former Governor Central Bank of Cyprus
Professor of the Practice Global Economics and Management
Martin Redrado
Former Governor of Central Bank of Argentina
Glenn Stevens
Former Governor of Reserve Bank of Australia
Amando Tetangco
Former Governor of Bangko Sentral Ng Pilipinas
TARISA WATANAGASE
Former Governor of Bank of Thailand