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: CT 20.11V
• Location: Beijing, China
• Dates: December 7-16, 2020 (2 weeks)
• Primary language: English
• Interpretation language: Chinese
• Status: New dates

Program overview and logistics

• Event: Virtual : Managing Capital Flows: Macroeconomic Analysis and Policies (MCF)
• Organizer: Institute for Capacity Development, International Monetary Fund (IMF)
• Session No.: CT 20.11 V
• Location attribution: Beijing, China
• Date: December 7-16, 2020 (2 weeks) New dates
• Primary Language: English
• Interpretation Language: Chinese

Target audience, qualifications, and prerequisites

• 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 scope and themes

• Purpose:
  • Foster understanding of the dynamics of capital flows and their effects on economic growth, macroeconomic volatility, and risk of crisis.
  • Discuss policy options to reap benefits of capital market integration while minimizing and mitigating adverse effects.
• Core topical structure:
  • Refresher on balance of payments statistics and 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,
  • crisis risk.
  • Capital account management tools and their relationship to:
  • financial regulation,
  • exchange rate intervention.
  • Case studies of actual crises to demonstrate how policy setting and failure to recognize and address buildup of vulnerabilities led to crisis.

Pedagogical approach and participant activities

• Emphasis on engagement:
  • Participants are expected to engage in discussions.
  • Participants will work on practical workshop exercises to solidify understanding of lecture material.
• Delivery modality:
  • Virtual/online training offered by the IMF Institute for Capacity Development.
• Note: IMF offers online training to government officials and the public.

References

• Core Elements of Banking Supervision (CBS)
• Advanced Government Finance Statistics (GFS-A)
• Fiscal Sustainability (FS)
• Safeguards Assessments of Central Banks (SAC)
• Macroeconomic Management in Resource Rich Countries (MRC)