Connect with IMF Institute
Internal Economics Training

CANCELED: Exchange Rate Economics (Self-Financed)

Cancelled

Session No.: IT 20.02

Location: Washington, D.C., United States

Date: March 23-27, 2020 (5 days)

Primary Language: English

    Target Audience

    Officials, primarily in ministries of finance, economy, and planning, or in central banks.

    Back to top

    Qualifications

    It is required that candidates have an advanced degree in economics, strong analytical skills, and a very good knowledge of English. Courses will be conducted in English with no interpretation.

    Back to top

    Course Description

    This course is part of the External Sector Assessment series, offered under the Internal Economics Training’s Structured Curriculum.

    This five-day course provides an overview of selected topics in exchange rate economics, including (i) interest rate parity conditions and the foreign exchange risk premium; (ii) the behavior of the real exchange rate and deviations from purchasing power parity; (iii) the modeling of equilibrium real exchange rates, and exchange rate management through official intervention; (iv) the relationship between exchange rates and economic fundamentals, with reference to both in-sample modeling and out-of-sample forecasting of exchange rates; and (v) models of the term structure of forward premia, and microstructural exchange rate models based on order flow.

    For each topic, the aim is to critically review the relevant literature and to present the current state of knowledge. To this end, the lectures will largely consist of overviews of the relevant literature, with a more detailed examination of some of the most recent research papers in the area. Although both theory and empirical work are covered, the course has a distinct empirical flavor, focusing primarily on testing theories and hypotheses about exchange rate behavior, and on modeling and forecasting exchange rates.

    Target audience: Economists interested in modeling actual and equilibrium exchange rates.  Familiarity with graduate level monetary and international economics would be helpful but not required.

    Back to top

    Important Note for Internal Economics Training Courses

    Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.

    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

    Implementing the International AML-CFT Standards (AMLS)

    English (Arabic), September 20-24, 2020, Kuwait City, Kuwait

    Apply online by August 7, 2020

    Online Course on Government Finance Statistics (GFSX)

    English, August 3, 2020 - October 12, 2020, Course conducted online

    Apply online by August 7, 2020

    Virtual - Inclusive Growth (IG)

    English, August 31, 2020 - September 4, 2020, Vienna, Austria

    Apply online by August 9, 2020