## Financial Markets and Instruments (FMI)

## Source details

**Canonical URL:** [Financial Markets and Instruments (FMI)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/fmijv24-25)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2024/fmijv24-25/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2024/fmijv24-25/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2024/fmijv24-25/bundle-manifest.json)

## Bibliographic details
- Session: JV 24.25
- Location: Vienna, Austria
- Dates: August 19-30, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Training program and logistics
- Event: Financial Markets and Instruments (FMI), Session No.: JV 24.25.
- Organizer: Institute for Capacity Development, IMF.
- Location: Vienna, Austria.
- Date: August 19-30, 2024 (2 weeks).
- Delivery Method: In-person Training.
- Primary Language: English.
- Application status note: Deadline passed.

### Target audience and qualifications
- Target Audience:
  - Mid-level to senior officials in central banks, ministries of finance, and financial regulatory agencies.
  - Officials 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.
  - Course requires heavy use of Microsoft Excel spreadsheets; participants are expected to be proficient.
  - Strong recommendation that applicants first complete the online Financial Market Analysis (FMAx) course.

### Course description and pedagogical approach
- Purpose:
  - Designed to give participants a foundation in financial instruments beyond bonds and equity covered in the FMAx course.
- Content coverage:
  - Short review of prior material.
  - Detailed coverage of forwards, futures, swaps, and options.
  - Combination of building-block instruments with practical applications.
  - Policy implications, notably related to regulation of financial markets; separate course on financial sector policies recommended for those seeking more focus on policy.
  - Misuse of financial instruments highlighted as a source of large losses and financial instability.
- Teaching methods:
  - Lectures to introduce underlying theory.
  - Workshops and case studies to apply knowledge and test understanding of strategies.
  - Participants are expected to prepare final presentations on a set of predetermined current financial market issues.

### Course objectives and expected competencies
- Upon completion, participants should be able to:
  - 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.

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## References

- [In-person 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/2024/fmijv24-25_