Financial Markets and Instruments (FMI)
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- Financial Markets and Instruments (FMI)
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Bibliographic details
- Session: JV 24.25
- Location: Vienna, Austria
- Dates: August 19-30, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed
Training program and logistics
- Event: Financial Markets and Instruments (FMI), Session No.: JV 24.25.
- Organizer: Institute for Capacity Development, IMF.
- Location: Vienna, Austria.
- Date: August 19-30, 2024 (2 weeks).
- Delivery Method: In-person Training.
- Primary Language: English.
- Application status note: Deadline passed.
Target audience and qualifications
- 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.
- Qualifications:
- Participants are expected to have an advanced degree in economics or finance or equivalent work experience.
- Course requires heavy use of Microsoft Excel spreadsheets; participants are expected to be proficient.
- Strong recommendation that applicants first complete the online Financial Market Analysis (FMAx) course.
Course description and pedagogical approach
- Purpose:
- Designed to give participants a foundation in financial instruments beyond bonds and equity covered in the FMAx course.
- Content coverage:
- Short review of prior material.
- Detailed coverage of forwards, futures, swaps, and options.
- Combination of building-block instruments with practical applications.
- Policy implications, notably related to regulation of financial markets; separate course on financial sector policies recommended for those seeking more focus on policy.
- Misuse of financial instruments highlighted as a source of large losses and financial instability.
- Teaching methods:
- Lectures to introduce underlying theory.
- Workshops and case studies to apply knowledge and test understanding of strategies.
- Participants are expected to prepare final presentations on a set of predetermined current financial market issues.
Course objectives and expected competencies
- 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.
References