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Financial Market Analysis (FMAx)

Online- Financial Market Analysis

This online course, presented by the Institute for Capacity Development, introduces participants to the fundamentals of financial analysis that are in the toolkit of policy makers. These tools are used to study the characteristics of various financial instruments and their pricing, analyze portfolios of assets, gaining familiarity with the basics of risk management. Mastery is essential for participants who wish to participate in more advanced and policy-oriented IMF courses in financial or macrofinancial areas. The FMAx course covers, among other topics, the pricing of fixed-income securities and equity; the term structure of interest rates; portfolio allocation and diversification; and an introduction to risk management.

Read More Topic : Financial Sector Policies

    Target Audience

    All government officials are welcome to register. The course is particularly well-suited for officials in central banks, ministries of finance, and regulatory agencies who have experience with macroeconomics and are interested in building their expertise in finance. The course is offered in English.

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    Qualifications

    Participants are expected to have some familiarity with basic statistics and probability techniques. Basic Microsoft Excel skills and access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Price a variety of financial assets (money market instruments, bonds, and equities) using the present value (PV) principle.
    • Measure and compare different yield measures for financial assets.
    • Construct and estimate a yield curve on the basis of readily available information and use several theories to interpret its behavior.
    • Relate differences in the valuation of single equities or markets to economic fundamentals.
    • Construct an optimal portfolio of risky assets using historical return data and assess likely changes in its composition as macroeconomic conditions change.
    • Assess the market risk of an investment by calculating its value at risk (VaR), stressed VaR, and expected shortfall, and use back-testing to evaluate the accuracy of past VaR.
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    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    September 1, 2020 December 31, 2020 Course conducted online OL 20.117 English Apply online by November 19, 2020
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    Videos

    FMAx Promotional Video

    Presented by the IMF Institute for Capacity Development, this course introduces participants to the fundamentals of financial analysis that are in the toolkit of policymakers. These tools are used to study the characteristics of various financial instruments and their pricing analyze portfolios of assets and become familiar with the basics of risk management.

    Speaker: Adolfo Barajas
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    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

    Virtual: Macro-Stress Testing (MST)

    English, November 9-12, 2020, Kuwait City, Kuwait

    Apply online by October 2, 2020

    Virtual - Fiscal Sustainability (FS)

    English (Arabic), November 9-19, 2020, Kuwait City, Kuwait

    Apply online by October 2, 2020

    Virtual - Financial Sector Surveillance (FSS)

    English, November 16-20, 2020, New Delhi, India

    Apply online by October 2, 2020

    Virtual - Legal Aspects of International Financial Institutions (LAIF)

    English, November 30, 2020 - December 4, 2020, Singapore, Singapore

    Apply online by October 2, 2020

    Virtual : Macroeconomic Management in Resource-Rich Countries (MRC)

    English (Russian), November 30, 2020 - December 11, 2020, Vienna, Austria

    Apply online by October 4, 2020