Course on International Financial Flows to Developing Countries and Emerging Markets. Determinants, Impact and Policy Challenges: A Practitioner’s Perspective (Course EI047)
Every second academic year, the Graduate Institute’s Centre for Finance and Development and Department of International Economics offer this exceptional course. The course was last offered in Spring 2018-2019.
The aim of this course is to show how economic concepts are applied in real-world policymaking. The course, which is held every second year, is taught by a group of Graduate Institute’s alumni with at least 10 years of professional experience, who now work in the financial sector and international organizations such as the International Monetary Fund, the World Bank and the OECD, combining a sound academic background with hands-on expertise.
The course has now become part of the curriculum for the Institute’s Master in International Economics. It focuses on current policy issues for developing countries and emerging markets, and covers monetary, fiscal and external policies. All case studies are drawn from recent country experiences.
The course consists of ten parts, each covering a different policy issue. Each of the parts consist of:
a first session providing a targeted overview of the recent literature, highlighting issues of interest, and
a concise presentation by students in the second session of a case study related to the part’s topic, individually or (preferably) in small groups, followed by a class-wide discussion.
Topics covered in spring 2018-2019: Macroeconomic Impact of Aid and Role of International Financial Institutions, Unconventional Monetary Policy Spillovers to Emerging Economies, Assessing External Imbalances, Monetary Policy Developments and Issues in Emerging Markets and Developing Economies, Cross Border Capital Flows and Domestic Financial Market Structure, Public Finance in Developing and Emerging Countries, New Developments in International Trade: Growing prominence of Services, the Digital Transformation, Global Value Chains, E-Commerce, Sovereign Debt: Management, Sustainability and Restructuring, The Political Economy of Fiscal Reforms: the Case of Fuel Subsidy Reforms, Natural Resources Management. Download the spring 2018-2019 syllabus (PDF, 237 KB)
Topics covered in spring 2016-2017: the challenges for policy makers of aid, private capital flows, debt management, and the rise of global value chains, topics in public finance including natural resources management and fuel subsidy reform, emerging monetary policy issues and external sector assessments in developing countries and emerging markets.
Topics covered in spring 2014-2015: macroeconomic impact of aid and role of international financial institutions, private capital flows to emerging and developing economies, natural resources management, the political economy of fiscal reforms, private investment in frontier markets, public finance, sovereign debt and debt management, assessing external imbalances, monetary policy developments in emerging economies, and the negotiation of mega-regional and plurilateral trade agreements.
Topics covered in spring 2012-2013: private capital flows, official development assistance, sovereign debt, debt management and debt resolution, trade and migration, public finance in developing countries and emerging markets, commodity prices and natural resources management, and external imbalances and country insurance.
For additional information, please contact the Course's Teaching Assistant, Mr. Dante Sanchez Torres: email@example.com