Program 2010 - Joint Vienna Institute

26 | Course Descriptions
Financial Markets and New Financial
Instruments (FMN)
Date |
June 7 – 18, 2010
(IMF Course No. JV10.11)
Sponsor |
International Monetary Fund
Attendance |
By invitation only; prerequisites are
specified in invitation letters.
Language |
The course is conducted in English
only. Due to the technical nature of
the course, English proficiency is a
prerequisite.
Target group | Mid- to senior-level officials in central banks,
ministries of finance, and regulatory agencies. Participants should
have responsibility for dealing with financial markets, training in
mathematics and basic statistics, and familiarity with topics covered
in the course on Financial Market Analysis (FMA).
description | This two-week course, presented by the IMF
Institute, explores the nature of financial intermediation, the role
of financial markets and institutions in the allocation of resources,
and the need for regulatory mechanisms to create the appropriate
incentives for all participants in the financial system. The course
pays particular attention to the emergence of derivative markets and
instruments, analyzing the conceptual bases of the new instruments,
including their pricing and trading strategies, as well as how financial
entities use them in risk management. Topics include:
• financial market structure;
• capital markets (short-term and long-term finance);
• securitization;
• derivatives and their pricing (futures, forwards, swaps, options,
credit derivatives);
• commercial bank risk management;
• credit risk models;
• the regulation of banks, capital markets, and derivatives; and
• the origin and nature of financial crises.