New Course on International Financial Flows to Developing Countries and Emerging Markets. Determinants, Impact and Policy Challenges: A Practitioner’s Perspective (Course EI047 - Spring 2018-2019)


The Graduate Institute’s Centre for Finance and Development and Department of International Economics would like to bring to your attention this exceptional course to be held 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.

The spring 2018-2019 syllabus is available here.

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.

More information on Course EI047.

For additional information, please contact the Course's Teaching Assistant, Mr. Dante Sanchez Torres: dante.sanchez@graduateinstitute.ch


New Executive Certificate in SDG Investing (Spring 2018-2019)


The Graduate Institute Executive Education is pleased to announce the launch of its new Executive Certificate in SDG Investing, in partnership with the Fondation Pictet pour le Développement, and the Graduate Institute's Centre for Finance and Development.

The Executive Certificate in SDG Investing was officially launched on 17 April 2018.

The first Certificate will take place over two 8-day sessions:

  • Session 1: from 7 to 15 February 2019
  • Session 2: from 4 to 12 April 2019

For more information on the Certificate, please click here or email sdgi@graduateinstitute.ch or call +41 (0)22 908 57 62.

What will participants gain from the Executive Certificate in SDG Investing?

  • Understand the concept of SDG investing and its ecosystem
  • Master tools and techniques to set up your own SDG investing strategy
  • Identify the main challenges of SDG investing and how to overcome them
  • Measure the impact of your portfolio and organise your impact reporting
  • Engage with fintech and other relevant technological developments
  • Be equipped to drive change inside your organisation
  • Put together a personalised action plan and get feedback from peers and experts

Courses on Finance and Development


List of courses linked to Finance and Development taught by the three Pictet Chairs in Finance and Development:

  • "Finance and Development," Ugo Panizza
  • "Development Policy," Ugo Panizza
  • "Advanced Development Macroeconomics," Ugo Panizza and Martina Viarengo
  • "Microeconomics of Finance and Development," Lore Vandewalle
  • "Economics of Development," Lore Vandewalle
  • "International Finance," Yi Huang
  • "International Macroeconomics," Yi Huang

More information on the Master in International Economics, PhD in Development Economics and PhD in International Economics

Capstone Projects


Master in International Affairs (MIA) and Master in development studies (MDEV)
Each year, students from the Graduate Institute’s interdisciplinary master programs (MIA and MDEV) carry out research projects for international and non-governmental organizations, public institutions and the private sector.

The CFD cooperates with the MIA and the MDEV by providing academic and financial supports to students interested in conducting research on finance and development-related topics.

More information on the Capstone Projects