Upon completion of this course, participants should be able to: Explain the dynamics of the capital account using the balance of payments of a given country. Identify the financial and economic risks that a global capital market creates for both small and large economies. Determine what challenges a country faces in attempting to stabilize the economy under different economic scenarios. Identify how policy actions can influence or prevent the occurrence of capital account crises. Evaluate the impact of financial reform policies on both economic growth and the risk of financial crisis. Identify a capital account crisis and assess the associated costs. Propose policy actions to address or avoid future crises and reduce their costs.
