|
Mid- to senior-level officials in central banks, ministries of finance, and regulatory agencies.
|
|
Participants should have responsibility for dealing with financial markets, training in mathematics and basic statistics, and familiarity with topics covered in the course on Financial Market Analysis (FMA).
|
This two-week course, presented by the IMF Institute, explores the nature of financial intermediation, the role of financial markets and institutions in the allocation of resources, and the need for regulatory mechanisms to create the appropriate incentives for all participants in the financial system. The course pays particular attention to the emergence of derivative markets and instruments, analyzing the conceptual bases of the new instruments, including their pricing and trading strategies, as well as how financial entities use them in risk management. Topics include:
- financial market structure;
- capital markets (short-term and long-term finance);
- securitization;
- derivatives and their pricing (futures, forwards, swaps, options, credit derivatives);
- commercial bank risk management;
- credit risk models;
- the regulation of banks, capital markets, and derivatives; and
- the origin and nature of financial crises.
|
