Macroeconomic Management and Financial Sector Issues

This seven-day course, presented by the IMF Institute, surveys the most important macroeconomic policy dilemmas confronting authorities in developing and emerging market economies, and the options available to policymakers in these countries, with special attention to how financial sector issues interact with macroeconomic management. The course covers the main analytical frameworks used by the IMF to analyze macroeconomic stabilization and growth, fiscal and external debt sustainability, inflation targeting and other frameworks for monetary policy, the choice of the exchange rate regime, and the opportunities and challenges international capital flows pose for emerging economies. The course also addresses financial sector topics, such as the development, structure, and functions of financial markets; financial sector reform strategies; regulation of the financial system; assessment of financial fragility, financial crises and policies to deal with the aftermath of financial crises. The course concludes with an overview of the origins and worldwide transmission of the economic and financial crisis of 2007-09 and the issues it raises for the evolving international monetary and financial-regulatory architecture.