Financial Markets and Instruments (FMI)
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- Financial Markets and Instruments (FMI)
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Bibliographic details
- Published: July 23, 2025
Upcoming offerings
| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|---|
| August 23, 2027 | September 3, 2027 | Vienna, Austria | In-person Training | JV 27.28 | English | Apply online by May 23, 2027 |
Overview
- The course is presented by the Institute for Capacity Development.
- Designed to give participants a foundation in financial instruments beyond the standard treatment of bonds and equity covered in the FMAx course.
- After a short review, the course covers forwards, futures, swaps, and options and then combines these building-block instruments with practical applications.
- Emphasizes lectures for underlying theory and workshops and case studies for application and testing of strategies.
- Highlights misuse of financial instruments that can lead to large losses and financial instability.
- Participants prepare final presentations on a set of predetermined current financial market issues.
Topic and Policy Emphasis
- Topic: Financial Sector Issues.
- Course devotes time to policy implications, notably related to regulation of financial markets.
- A separate course devoted to financial sector policies is recommended for participants specifically interested in policy work.
Target Audience
- Mid-level to senior officials in central banks, ministries of finance, and financial regulatory agencies.
- Intended for those who are interested in more advanced finance topics than those covered in the Financial Market Analysis course.
Qualifications and Technical Requirements
- Participants are expected to have an advanced degree in economics or finance or equivalent work experience.
- The course requires heavy use of Microsoft Excel spreadsheets; participants are expected to be proficient with Excel.
- Strong recommendation that applicants first complete the online Financial Market Analysis (FMAx) course.
Course Objectives
- Explain the economic rationale for various financial instruments and markets.
- Identify and use the building blocks presented in the course to construct financial instruments.
- Use basic pricing models to identify possible mispricing and misuse of financial instruments.
- Identify threats to financial stability in markets and instruments based on case studies of previous financial crises.
- Extract lessons from previous financial stability threats to try to prevent their recurrence.