Financial Market Analysis (FMAx)
Deadline passed
Session No.: OL 19.111
Location: Course conducted online
Date: January 15, 2019 - April 30, 2019 (15 weeks)
Primary Language: English
Target Audience
Qualifications
Course Description
This online course, presented by the IMF Institute for Capacity Development, introduces participants to the fundamentals of financial analysis that are in the toolkit of policymakers. These tools are used to study the characteristics of various financial instruments and their pricing, analyze portfolios of assets, and become familiar with the basics of risk management. Mastery is essential for participants who wish to participate in more advanced and policy-oriented ICD courses in financial or macrofinancial areas. The FMAx course covers, among other topics, pricing of fixed-income securities and equity; the term structure of interest rates; portfolio allocation and diversification; and an introduction to risk management.
Course Objectives
- Price a variety of financial assets (money market instruments, bonds, and equities) using the present value (PV) principle.
- Measure and compare different yield measures for financial assets.
- Construct and estimate a yield curve on the basis of readily available information, and use several theories to interpret its behavior.
- Relate differences in the valuation of single equities or markets to economic fundamentals.
- Construct an optimal portfolio of risky assets using historical return data, and assess likely changes in its composition as macroeconomic conditions change.
- Assess the market risk of an investment by calculating its value at risk (VaR), stressed VaR, and expected shortfall, and use back-testing to evaluate the accuracy of past VaR.
Fintech Market Development and Policy Implications (FINTECH)
English | December 8-12, 2024 | In-person Training | Kuwait City, Kuwait
Apply online by September 26, 2024
Cash Management and Treasury Single Account
English | October 14-18, 2024 | In-person Training | New Delhi, India
Apply online by September 27, 2024