Virtual: Financial Markets and Instruments (FMI)

Source details

Session No.: CT 21.02 V
Location: Beijing, China
Date: January 18-22, 2021 (1 week) New dates
Delivery Method: Virtual Training
Primary Language: English
Target Audience: Mid-level to senior officials in central banks, ministries of finance, and financial regulatory agencies who are 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. The course requires heavy use of Microsoft Excel spreadsheets, with which participants are expected to be proficient.

Presented by the Institute for Capacity Development.
Designed to give participants a foundation in financial instruments beyond the standard treatment of bonds and equity covered in the FMAx course.
Content focuses on forwards, futures, swaps, and options and combining these building block instruments with practical applications.
Lectures introduce the underlying theory; workshops and case studies allow participants to apply techniques and test understanding of how and why some strategies and misuse of financial instruments can lead to large losses and financial instability.
Some time is devoted to the policy implications, notably related to regulation of financial markets; a separate course devoted to financial sector policies is recommended for those interested in that topic.

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.