Financial Development and Financial Inclusion

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Financial Development and Financial Inclusion (FDFI)

This course, presented by the Institute for Capacity Development, explains the macroeconomic relevance of financial development and inclusion. Beginning with an analysis that defines the role of finance in the economy, the course presents a framework for financial market development; identifying the main players and instruments, as well as highlighting the obstacles that could impede the development of such markets as well as policies that encourage the development of financial markets. The course introduces financial inclusion as an integral dimension of financial development—a perspective that has only recently received attention. The course reviews the indicators currently used to measure financial inclusion, its macroeconomic impact, and the main policy strategies usually pursued to encourage inclusion. The course makes use of extensive case studies, groupwork and workshops to ensure that participants are gain practical experience that is useful for their jobs.

Read More Topic : Financial Sector Policies

Target Audience

Mid-level to senior officials from central banks and government agencies dealing with regulation of the financial sector. Preference is given to applicants working on issues directly related to financial development and inclusion.

Qualifications

Participants are expected to have a basic knowledge of economics or finance, or equivalent work experience. Knowledge of econometrics is helpful but not required. It is strongly recommended that applicants have completed the online Financial Development and Financial Inclusion (FDFIx) course.

Course Objectives

Upon completion of this course, participants should be able to:

Identify the main players and instruments needed for financial market development.
Measure the degree of financial development and inclusion for a country or countries using a wide range of standard indicators.
Use a simple analytical model to predict the likely outcomes of different policies on financial inclusion.
Assess policy options and strategies for financial development and inclusion from a macroeconomic perspective by identifying potential tradeoffs and possible impediments.
Formulate a strategy for policies to support financial development in a country, taking into account initial conditions and links between the financial sector and the macroeconomy.

Syllabus

This two-week course outlines the macroeconomic relevance of financial development broadly, and of financial inclusion more specifically. Beginning with an analytical framework that defines the role played by finance in the economy, the course reviews the conceptual and empirical literature on finance’s impact and addresses key policy issues that arise in either encouraging its development (market enabling policies) or limiting its destabilizing effects (market harnessing policies).

The course introduces financial inclusion as an integral dimension of financial development, but which only recently has received much attention, as the discussion for many years has mainly revolved around the concept and measure of financial depth. The course reviews the indicators currently used to measure financial inclusion, the distinct macroeconomic impact of financial inclusion, as well as the main policy strategies that have been pursued.

Course Structure and Standard Syllabus

Upcoming Offering

Start date	End date	Location	Delivery Method	Session No.	Primary & (Interpretation) language	Apply
October 7, 2024	October 11, 2024	Vienna, Austria	Blended Training	JV 24.31	English	Deadline passed

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