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

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

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Bibliographic details

Session: JV 21.14V
Location: Vienna, Austria
Dates: March 29, 2021 - April 9, 2021 (2 weeks)
Delivery method: Virtual Training
Primary language: English
Interpretation language: Russian
Status: Deadline passed

Overview

Training program presented by the Institute for Capacity Development, IMF.
Devoted to fostering understanding of the dynamics of capital flows and their effects on economic growth, macroeconomic volatility, and risk of crisis.
Focuses on policy options to reap benefits of capital market integration while minimizing and mitigating adverse effects.

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 content and learning objectives

Course Objectives:
- Discussion of course materials.
Core content areas:
- Refresher on balance of payments statistics.
- Description of alternative measures of capital flows and financial (capital) account openness.
- Determinants of capital flows.
- Link between capital flows and economic growth, macroeconomic volatility, and crisis risk.
- Capital account management tools and their relation to financial regulation and exchange rate intervention.
- Case studies of actual crises illustrating how policy setting and failure to recognize vulnerabilities led to crisis.

Teaching methods, practical components, and participant engagement

Participants are expected to:
- Engage in discussions throughout the course.
- Work on practical workshop exercises to solidify understanding of lecture material.
Format emphasizes:
- Application of theoretical material to case studies.
- Policy analysis and evaluation of capital account management tools.

References