Financial Markets and Instruments (FMI)

Source details

Session No.: CT 24.10
Location: Dalian, China
Date: September 2-6, 2024 (1 week)
Delivery Method: In-person Training
Primary Language: English
Target Audience:
- Mid-level to senior officials in central banks, ministries of finance, and financial regulatory agencies
- Officials interested in more advanced finance topics than those covered in the Financial Market Analysis course

Expected background:
- Advanced degree in economics or finance or equivalent work experience
- Proficiency in Microsoft Excel spreadsheets (course requires heavy use)
Recommended prior training:
- Strong recommendation that applicants first complete the online Financial Market Analysis (FMAx) course

Presented by the Institute for Capacity Development
Content scope:
- Foundation in financial instruments beyond standard treatment of bonds and equity covered in FMAx
- Short review followed by coverage of forwards, futures, swaps, and options
- Combination of building-block instruments with practical applications
- Policy implications related to regulation of financial markets (note: a separate course devoted to financial sector policies is recommended for those interested)
Teaching methods:
- Lectures introducing underlying theory
- Workshops and case studies for applied learning and testing understanding of instrument strategies
- Emphasis on misuse of financial instruments and how misuse can lead to large losses and financial instability
Participant deliverable:
- Final presentations on a set of predetermined current financial market issues

Upon completion, 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.