Virtual : Managing Capital Flows: Macroeconomic Analysis and Policies (MCF)

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Virtual : Managing Capital Flows: Macroeconomic Analysis and Policies (MCF)

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Bibliographic details

• Session: AT 21.30V
• Location: Ebene, Mauritius
• Dates: December 6-17, 2021 (2 weeks)
• Delivery method: Virtual Training
• Primary language: English
• Interpretation language: French Portuguese
• Status: Deadline passed

Program overview and logistics

• Session No.: AT 21.30 V
• Location: Ebene, Mauritius
• Date: December 6-17, 2021 (2 weeks)
• Delivery Method: Virtual Training
• Primary Language: English
• Interpretation Language: French Portuguese
• Deadline passed

Target audience and qualifications

• Target Audience:
  • Mid-level to senior officials from central banks, ministries of finance, and other government agencies.
• Qualifications:
  • Participants will be expected to have an advanced degree in economics or equivalent experience, and to be proficient in the use of Excel.
• Pre-requisites:
  • Not applicable.

Course objectives

• Discussion of course materials.

Course description and learning content

• The Institute for Capacity Development presents a course devoted to fostering understanding of:
  • The dynamics of capital flows and their effects on economic growth, macroeconomic volatility, and risk of crisis.
  • Policy options available to reap the benefits of capital market integration while minimizing and mitigating its adverse effects.
• Structure and key topics:
  • Refresher on balance of payments statistics and a description of alternative measures of capital flows and financial (capital) account openness.
  • Determinants of capital flows and the link between these flows and economic growth, macroeconomic volatility, and crisis risk.
  • Discussion of capital account management tools and their relation to financial regulation and exchange rate intervention.
  • Case studies of actual crises emphasizing how policy setting and failure to recognize and address the buildup of vulnerabilities led to crisis.
  • Practical workshop exercises and participant engagement to solidify understanding of lecture material.

Delivery approach and participant activities

• Emphasis on:
  • Participant engagement in discussions.
  • Practical workshop exercises based on lecture material.
  • Case study analysis of crises to link theory and policy practice.

References

• Virtual Training
• Core Elements of Banking Supervision (CBS)
• Advanced Government Finance Statistics (GFS-A)
• Fiscal Sustainability (FS)
• Safeguards Assessments of Central Banks (SAC)