Financial Markets and Instruments
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Bibliographic details
- Session: CE 24.09
- Location: Kuwait City, Kuwait
- Dates: April 21, 2024 - May 2, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed
Session and Logistics
- Session No.: CE 24.09
- Location: Kuwait City, Kuwait
- Date: April 21, 2024 - May 2, 2024 (2 weeks)
- Delivery Method: In-person Training
- Primary Language: English
- Status: Deadline passed
Target Audience and Qualifications
- Target Audience:
- Mid-level to senior officials in central banks, ministries of finance, and financial regulatory agencies who are interested in more advanced finance topics than those covered in the Financial Market Analysis course.
- Qualifications:
- 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, with which participants are expected to be proficient.
- It is strongly recommended that applicants first complete the online Financial Market Analysis (FMAx) course.
Course Description and Structure
- Presented by the Institute for Capacity Development.
- Scope:
- Provides a foundation in financial instruments beyond the standard treatment of bonds and equity covered in the FMAx course.
- After a short review, covers forwards, futures, swaps, and options and then combines these building-block instruments with practical applications.
- Devotes time for policy implications, notably related to regulation of financial markets, while noting a separate course is recommended for those specifically interested in financial sector policies.
- Teaching methods:
- Lectures introduce the underlying theory.
- Workshops and case studies allow participants to apply knowledge and test understanding of how and why some strategies are used.
- Course highlights misuse of financial instruments, which can lead to large losses and financial instability.
- Participants are expected to prepare final presentations on a set of predetermined current financial market issues.
Course Objectives
Upon completion of this course, participants should be able to:
- 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.