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MCF

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

Invitation

Session No.: CT 20.11V

Location: Beijing, China

Date: December 7-16, 2020 (2 weeks) New dates

Primary Language: English

Interpretation Language: Chinese

    Target Audience

    Mid-level to senior officials from central banks, ministries of finance, and other government agencies.

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    Qualifications

    Participants will be expected to have an advanced degree in economics or equivalent experience, and to be proficient in the use of Excel.

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    Pre-requisites

    Not applicable.

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    Course Description

    This course, presented by the Institute for Capacity Development, is devoted to fostering understanding of the dynamics of capital flows and their effects on economic growth, macroeconomic volatility, and risk of crisis. The course discusses policy options available to reap the benefits of capital market integration while minimizing and mitigating its adverse effects. 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 concludes with a discussion of capital account management tools and how they relate to financial regulation 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.

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    Course Objectives

    Discussion of course materials.

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