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

## Source details

**Canonical URL:** [Virtual : Managing Capital Flows: Macroeconomic Analysis and Policies (MCF)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2021/mcfat21-30v)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/at/2021/mcfat21-30v/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/at/2021/mcfat21-30v/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/at/2021/mcfat21-30v/bundle-manifest.json)

## Bibliographic details
- Session: AT 21.30V
- Location: Ebene, Mauritius
- Dates: December 6-17, 2021 (2 weeks)
- Delivery method: Virtual Training
- Primary language: English
- Interpretation language: French Portuguese
- Status: Deadline passed

---

### Program overview and logistics
- Session No.: AT 21.30 V
- Location: Ebene, Mauritius
- Date: December 6-17, 2021 (2 weeks)
- Delivery Method: Virtual Training
- Primary Language: English
- Interpretation Language: French Portuguese
- Deadline passed

### Target audience and qualifications
- 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 objectives
- Discussion of course materials.

### Course description and learning content
- The Institute for Capacity Development presents a course devoted to fostering understanding of:
  - The dynamics of capital flows and their effects on economic growth, macroeconomic volatility, and risk of crisis.
  - Policy options available to reap the benefits of capital market integration while minimizing and mitigating its adverse effects.
- Structure and key topics:
  - Refresher on balance of payments statistics and a description of alternative measures of capital flows and financial (capital) account openness.
  - Determinants of capital flows and the link between these flows and economic growth, macroeconomic volatility, and crisis risk.
  - Discussion of capital account management tools and their relation to financial regulation and exchange rate intervention.
  - Case studies of actual crises emphasizing how policy setting and failure to recognize and address the buildup of vulnerabilities led to crisis.
  - Practical workshop exercises and participant engagement to solidify understanding of lecture material.

### Delivery approach and participant activities
- Emphasis on:
  - Participant engagement in discussions.
  - Practical workshop exercises based on lecture material.
  - Case study analysis of crises to link theory and policy practice.

---


## References

- [Virtual Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2021/mcfat21-30v_