Columbia University and the Inter-American Development Bank (IDB) are offering the next edition of their popular executive course on macro-financial policymaking in emerging markets from April 23-27 in New York. Open to policymakers from developing world governments, as well as economists working in international financial institutions and investment bankers, the intensive course focuses on the analytical and quantitative tools essential to designing effective macroeconomic and financial policies.
The course, designed by Guillermo Calvo from Columbia University and Alejandro Izquierdo from the IDB’s Research Department, is taught by a world-renowned faculty, including researchers from academia (Pierre-Richard Agenor, Charles Calomiris, Guillermo Calvo, Pierre-Olivier Gourinchas, Enrique Mendoza) and from multilateral policy institutions (Eduardo Cavallo, Alejandro Izquierdo, Santiago Levy, Vincent Reinhart, Liliana Rojas-Suarez, and Ernesto Talvi). It stresses the abilities needed to adjust to a fast-changing world in which every economy is linked to international financial markets and trade flows. That includes a deeper understanding of macro-financial analytical issues and quantitative skills for tackling the vulnerability of growth to external factors; international liquidity and vulnerability to financial crises; fiscal vulnerability to sudden stops, and banking stress tests, among other challenges.
The course, now in its ninth year, has been critical to helping policymakers grasp issues common to emerging markets and fashioning solutions that don’t simply mimic the policy prescriptions from advanced economies. As a result, it has attracted a wide diversity of participants, ranging from former Paraguayan Finance Minister Santiago Peña to former Honduran Central Bank President Marlon Tábora, and senior analysts from Bank of Spain, Goldman Sachs, JP Morgan and multiple hedge funds focusing on emerging markets.
For practitioners interested in new approaches to monetary economics, fiscal policy responses, and financial crises, it is a unique forum. It is an opportunity for acquiring best practices; interacting with high-level experts, and exchanging experiences and contacts with participants from around the world.
The application deadline is March 14. The IDB will be offering tuition waivers to up to 15 policymakers from Latin America and the Caribbean. Program details regarding application and deadlines are available here.
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