## 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/jv/2021/mcfjv21-14v)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2021/mcfjv21-14v/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2021/mcfjv21-14v/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2021/mcfjv21-14v/bundle-manifest.json)

## Bibliographic details
- Session: JV 21.14V
- Location: Vienna, Austria
- Dates: March 29, 2021 - April 9, 2021 (2 weeks)
- Delivery method: Virtual Training
- Primary language: English
- Interpretation language: Russian
- Status: Deadline passed

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### Overview
- Training program presented by the Institute for Capacity Development, IMF.
- Devoted to fostering understanding of the dynamics of capital flows and their effects on economic growth, macroeconomic volatility, and risk of crisis.
- Focuses on policy options to reap benefits of capital market integration while minimizing and mitigating adverse effects.

### 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 content and learning objectives
- Course Objectives:
  - Discussion of course materials.
- Core content areas:
  - Refresher on balance of payments statistics.
  - Description of alternative measures of capital flows and financial (capital) account openness.
  - Determinants of capital flows.
  - Link between capital flows and economic growth, macroeconomic volatility, and crisis risk.
  - Capital account management tools and their relation to financial regulation and exchange rate intervention.
  - Case studies of actual crises illustrating how policy setting and failure to recognize vulnerabilities led to crisis.

### Teaching methods, practical components, and participant engagement
- Participants are expected to:
  - Engage in discussions throughout the course.
  - Work on practical workshop exercises to solidify understanding of lecture material.
- Format emphasizes:
  - Application of theoretical material to case studies.
  - Policy analysis and evaluation of capital account management tools.

---


## 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/jv/2021/mcfjv21-14v_