{
  "title": "Managing Capital Flows: Macroeconomic Analysis and Policies",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2019/mcfct19-11",
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  "summary": "Managing Capital Flows: Macroeconomic Analysis and Policies Training Program Target Audience Junior to mid-level policy makers in central banks and finance ministries who have policy responsibilities related to capital account management.",
  "publishDate": "2020-10-24",
  "sections": [
    {
      "heading": "Program overview",
      "content": "- Title: Managing Capital Flows: Macroeconomic Analysis and Policies (MCF)\n- Type: Training Program\n- Sponsor: IMF Institute for Capacity Development\n- Session No.: CT 19.11\n- Location: Shenzhen, China\n- Date: May 27-31, 2019 (1 week)\n- Primary Language: English\n- Interpretation Language: Chinese"
    },
    {
      "heading": "Target audience and prerequisites",
      "content": "- Target Audience:\n  - Junior to mid-level policy makers in central banks and finance ministries who have policy responsibilities related to capital account management.\n  - No prior knowledge of the material is required.\n- Qualifications:\n  - Participants should have an advanced degree in economics or equivalent experience, good quantitative skills, and a basic knowledge of Excel.\n  - It is recommended that applicants have taken either the Financial Programming and Policies (FPP) or the Macroeconomic Diagnostics (MDS) course.\n- Pre-requisites:\n  - Not applicable."
    },
    {
      "heading": "Course description and content",
      "content": "- Purpose:\n  - Foster understanding of the dynamics of capital flows and their effects on economic growth, macroeconomic volatility, and risk of crisis.\n  - Discuss policy options to reap benefits of capital market integration while minimizing and mitigating its adverse effects.\n- Structure and topics:\n  - Refresher on balance of payments statistics and description of alternative measures of capital flows and financial (capital) account openness.\n  - Determinants of capital flows and the link between these flows and economic growth, macroeconomic volatility, and crisis risk.\n  - Discussion of capital account management tools and how they relate to financial regulation and exchange rate intervention.\n  - Case studies of actual crises to illustrate how policy setting and failure to recognize and address the buildup of vulnerabilities led to crisis.\n- Pedagogy:\n  - Participant engagement through discussions.\n  - Practical workshop exercises to solidify understanding of lecture material."
    },
    {
      "heading": "Course objectives",
      "content": "- Upon completion, participants should be able to:\n  - Explain the dynamics of the capital account using the balance of payments of a given country.\n  - Identify the financial and economic risks that a global capital market creates for economies both small and large.\n  - Identify how policy actions can influence, or prevent. the occurrence of capital account crises and determine what challenges a country faces in attempting to stabilize the economy in different economic scenarios.\n  - Evaluate the impact of financial reform policies on both economic growth and the risk of financial crisis.\n  - Identify a capital account crisis and assess the associated costs.\n  - Propose policy actions to address or avoid future crises and reduce their costs."
    }
  ],
  "bullets": [
    "Title: Managing Capital Flows: Macroeconomic Analysis and Policies (MCF)",
    "Type: Training Program",
    "Sponsor: IMF Institute for Capacity Development",
    "Session No.: CT 19.11",
    "Location: Shenzhen, China",
    "Date: May 27-31, 2019 (1 week)",
    "Primary Language: English",
    "Interpretation Language: Chinese",
    "Target Audience:",
    "Qualifications:",
    "Pre-requisites:",
    "Purpose:",
    "Structure and topics:",
    "Pedagogy:",
    "Upon completion, participants should be able to:"
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  "generatedAtUtc": "2026-09-29T17:02:52.541Z"
}