## 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/ct/2020/mcfct20-11v)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ct/2020/mcfct20-11v/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ct/2020/mcfct20-11v/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ct/2020/mcfct20-11v/bundle-manifest.json)

## Bibliographic details
- Session: CT 20.11V
- Location: Beijing, China
- Dates: December 7-16, 2020 (2 weeks)
- Primary language: English
- Interpretation language: Chinese
- Status: New dates

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### Program overview and logistics
- Event: Virtual : Managing Capital Flows: Macroeconomic Analysis and Policies (MCF)
- Organizer: Institute for Capacity Development, International Monetary Fund (IMF)
- Session No.: CT 20.11 V
- Location attribution: Beijing, China
- Date: December 7-16, 2020 (2 weeks) New dates
- Primary Language: English
- Interpretation Language: Chinese

### 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 Objectives:
  - Discussion of course materials.

### Course scope and themes
- Purpose:
  - Foster understanding of the dynamics of capital flows and their effects on economic growth, macroeconomic volatility, and risk of crisis.
  - Discuss policy options to reap benefits of capital market integration while minimizing and mitigating adverse effects.
- Core topical structure:
  - Refresher on balance of payments statistics and 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,
    - crisis risk.
  - Capital account management tools and their relationship to:
    - financial regulation,
    - exchange rate intervention.
  - Case studies of actual crises to demonstrate how policy setting and failure to recognize and address buildup of vulnerabilities led to crisis.

### Pedagogical approach and participant activities
- Emphasis on engagement:
  - Participants are expected to engage in discussions.
  - Participants will work on practical workshop exercises to solidify understanding of lecture material.
- Delivery modality:
  - Virtual/online training offered by the IMF Institute for Capacity Development.
- Note: IMF offers online training to government officials and the public.

---


## References

- [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)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2020/mcfct20-11v_