Junior to mid-level policy makers in central banks and finance ministries who have policy responsibilities related to capital account management. No prior knowledge of the material is required.
Not applicable.
Deadline passed
Session No.: AT 24.31V
Location: Ebene, Mauritius
Date: October 21, 2024 - November 1, 2024 (2 weeks) New dates
Delivery Method: Virtual Training
Primary Language: English
Interpretation Language: French Portuguese
Participants are expected to have an advanced degree in economics or equivalent experience, good quantitative skills, and a basic knowledge of Microsoft Excel. It is recommended that applicants have taken either the Financial Programming and Policies (FPP) or the Macroeconomic Diagnostics (MDS) course.
This course, presented by the Institute for Capacity Development, aims to foster understanding of the dynamics of capital flows and their effects on economic growth, macroeconomic volatility, and risk of crisis. The course starts with a refresher on balance of payments statistics and a description of alternative measures of capital flows and financial (capital) account openness. The second part of the course introduces the determinants of capital flows and the link between these flows and economic growth, macroeconomic volatility, and crisis risk. The course continues with a discussion of sequencing capital account liberalization to reap the benefits of capital market integration while minimizing and mitigating its adverse effects. This is followed by coverage of analytical methods and data sources for the analysis and forecasting of capital flows. The course concludes with a discussion of the IMF’s Institutional View on capital flows and how it relates to macroeconomic policy, macroprudentail measures, capital flow management tools, and exchange rate intervention. The course includes case studies of actual crises, so that participants learn how policy setting and failure to recognize and address the buildup of vulnerabilities led to crisis. Throughout the course, participants are expected to engage in discussions and work on practical workshop exercises to solidify their understanding of the lecture material.
Upon completion of this course, participants should be able to:
English | July 6-17, 2026 | In-person Training | Vienna, Austria
Apply online by March 22, 2026
English | April 13-16, 2026 | In-person Training | Thimphu, Bhutan
Apply online by March 23, 2026
English | June 8-18, 2026 | In-person Training | Abu Dhabi, United Arab Emirates
Apply online by March 26, 2026
English | April 27-30, 2026 | In-person Training | New Delhi, India
Apply online by March 28, 2026
