The objective of this course is to equip participants with the essential concepts and tools to understand and analyze the global financial system. By the end of the course, participants will be able to:

• Explain the role of financial markets and institutions in a well-functioning economy
• Compare and contrast different types of financial instruments and their features and valuations
• Describe the structure and operation of various financial markets and trading venues
• Analyze the sources and implications of systemic risk and financial stability
• Evaluate the impact of monetary policy, fiscal policy, and regulatory reforms on the global financial system
• Discuss the effects of globalization, digitalization, and innovation on the global financial system

This course is designed for professionals who are interested in learning about the global financial system, its functioning, and its challenges. It is suitable for those who work in or interact with the financial sector, such as bankers, regulators, policymakers, consultants, analysts, investors, or educators. It is also relevant for those who want to enhance their general knowledge and skills in finance and economics.

• Gaining a comprehensive and up-to-date understanding of the global financial system
• Developing critical thinking and analytical skills to evaluate complex financial issues
• Enhancing their professional competence and confidence in dealing with financial matters
• Expanding their network and learning from peers and experts in the field

Day One:

Introduction to the Global Financial System

• What is the global financial system and why does it matter?
• What are the main functions and components of the global financial system?
• What are the key concepts and principles of finance and economics?
• What are the main sources of data and information on the global financial system?

Day Two:

Financial Instruments and Markets

• What are the different types of financial instruments and how are they classified?
• What are the features and valuations of equity, debt, and derivative instruments?
• What are the main types of financial markets and how do they differ?
• How do securities trading, clearing, settlement, and custody work?

Day Three:

Financial Institutions and Regulation

• What are the different types of financial institutions and how do they operate?
• What are the roles of banks, non-bank intermediaries, central banks, and international organizations in the global financial system?
• What are the objectives and challenges of financial regulation and supervision?
• What are the main elements of Basel III, Dodd-Frank Act, MiFID II, FATCA, CRS, etc.?

Day Four:

Financial Crises and Stability

• What are the causes and consequences of financial crises?
• What are some historical examples of major financial crises (e.g., Great Depression, Asian Crisis, Global Financial Crisis)?
• What are some theoretical models of financial crises (e.g., Minsky’s Financial Instability Hypothesis, Kindleberger’s Manias, Panics, and Crashes)?
• What are some policy responses to prevent or mitigate financial crises (e.g., lender of last resort, deposit insurance, macroprudential regulation)?

Day Five:

Current Trends and Developments in the Global Financial System

• How does monetary policy affect the global financial system (e.g., interest rate normalization, quantitative easing, negative interest rates)?
• How does fiscal policy affect the global financial system (e.g., fiscal stimulus, debt sustainability, sovereign risk)?
• How does globalization affect the global financial system (e.g., capital flows, exchange rates, trade wars)?
• How does digitalization affect the global financial system (e.g., cryptocurrencies, fintechs, artificial intelligence)?

To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.