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International Finance and Economics

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Featured Program

IFC Capital Markets

This year marks the 8th edition of the Capital Markets Theory and Practice Program, which trains International Finance Corporation (IFC) investment officers in the value proposition and fundamental principles of debt capital markets. The IFC has pioneered the use of debt capital market transactions in emerging markets and this program provides the training to further enable investment officers to utilize debt capital market solutions where relevant in their work.
 
The Capital Markets Program provides a solid foundation in the economics of finance and macroeconomics, examines international capital and banking markets, analyzes the value proposition of debt capital markets, explores the processes and instruments associated with securitization, derivatives, and structured products, and outlines financial regulatory structure and recent developments in both emerging and advanced economies. Site visits in New York include the New York Stock Exchange and the New York Federal Reserve.

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Columbia SIPA is a globally recognized center of world-class research and a generator of evidence-based policy on international finance, capital markets, and macroeconomic policy.  It is one of the few schools in the world with a specialization in capital markets and central banking and our students include current and future policymakers from around the world. The Picker Center has organized a number of customized executive programs on International Finance and Economics for clients that include central banks and international organizations, including the World Bank Group, the International Finance Corporation (IFC), the Inter-American Development Bank (IDB), and the United Nations. Programs often cover central banking and monetary policy; capital markets; international trade and investment; capital flow and exchange rate management; econometrics; global economic governance; financial risk management; macro-prudential policy and regulation; digital currencies; and financial innovation. 

Our executive programs in International Finance and Economics benefit from the expertise of faculty affiliated with the Center on Global Economy and Governance, the Center for Development Economics and Policy, and the Central Banking and Financial Policy Initiative. Columbia SIPA instructors include the former U.S. Secretary of the Treasury, current and former Ministers of Finance, and chief economists and experts at leading financial institutions. Courses combine lectures, case study analysis, interactive workshops, action learning projects, industry panels, executive coaching, and leadership assessments. Our location in New York City puts us at the global epicenter of international finance, with programs often including site visits to leading financial and multilateral institutions in the New York City and Washington, D.C. areas, including the New York Federal Reserve, the New York Stock Exchange, the World Bank Group, and the United Nations Headquarters. 

Previous Programs

SIPA-IDB Macro-Financial Policymaking program

Macro-Financial Policymaking in Emerging Markets

Now in its fourteenth year, the Macro-Financial Policymaking in Emerging Markets program, organized in partnership with the Inter-American Development Bank, covers the latest theoretical and practical advances in financial policymaking in emerging markets, with the objective of building the capacity of governments throughout the Latin-American region.

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World Bank International Trade Policy for Development

The Picker Center partnered with the World Bank Institute and the International Trade Department of the World Bank to offer a state-of-the-art, comprehensive, two-week program to train top policymakers on trade policy for development with topics including policy instruments; trade statistics and tools; trade, growth and inequality; and export development.

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Gold Reserves Management Programme

A joint initiative between the World Gold Council, this program examined the role of gold as a reserve currency. The program provided the tools and framework required for a rigorous analysis of gold and an understanding of how gold can meet central banks’ objectives of safety, liquidity and return. The program included a tour of the New York Federal Reserve gold vault.

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China Life Asset Management Group

The Picker Center created a seven-day program on Research Driven Investment for the China Life Asset Management Group that combined sessions on large-scale asset allocation, financial risk management, global financial regulation, and new financial instruments as well as site visits to financial institutions involved in asset allocation including the New York Federal Reserve.

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Managing Macro-Economic Risk in Emerging Markets, Brazil

In partnership with the Brazilian business school—B.I. International—the Picker Center developed a series of three-day workshops focused on Managing Macro-Economic Risk in Emerging Markets for senior Brazilian executives. Sessions included current developments in international trade, the emerging market investment climate, and the management of financial crises.

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China Minsheng Banking Corporation

The Picker Center organized a ten-day program for senior executives from the China Minsheng Banking Corporation. Sessions included regulation after the financial crises, twin crises in emerging markets, the new approach to financial regulation in emerging markets, financial innovation, and big data in finance.

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Bank of Chile

The Bank of Chile commissioned the Picker Center to design and facilitate an executive program to train one-hundred senior officials from various Chilean government ministries, including the Ministries of Environment, Energy, Finance, and Urban Development with the goal of implementing these best practices within the new administration.

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China Everbright Bank

The Picker Center designed this training for nineteen mid to senior-level executives from China Everbright International. Sessions covered trends in trade and investment, the international financial and monetary system, financial risk management, regulatory reform, financial innovation, and building an asset-backed security market.

Featured Video 
International Financial Issues in Emerging Markets

My participation in the Macro-Financial Policymaking in Emerging Markets program has significantly accelerated my professional development and career advancement. The program provided me with advanced frameworks and tools that have refined my ability to think strategically, allowing me to identify long-term opportunities and risks and contribute more effectively to high-level decision-making processes within my organization. Additionally, the opportunity to connect with a diverse group of professionals from various industries has broadened my perspective and opened doors to new opportunities and collaborations that have been pivotal in my career growth. 

—Agustina Gallardo, Economic Analyst, Banco de Inversión y Comercio Exterior (BICE), Argentina

The information shared in the International Trade Policy for Development course came from experts in the field. I use some of it in my research on international trade. I would strongly recommend this  course to all those involved in trade policy matters and negotiations. It equips its participants with important analytical tools to grasp international trade matters fully.

—Nnzeni Netshitomboni, Senior Industry Analyst, Industrial Development Corporation of South Africa

It is rather unique to have such distinguished, world-class researchers convene for a full week to discuss issues of utmost importance for policymakers in emerging economies. It was an excellent opportunity to become updated on the state of the art in macro-financial regulation. I would recommend this course to anyone seriously interested in macro-financial policy making.

Macro-Financial Policymaking in Emerging Markets program participant

The skills I learned from the IFC Capital Markets program include the valuation of equity and bonds, how market movement and dynamics present profit-making opportunities, how to identify those opportunities and act on them, the legal aspect of bond issuance, how to identify and mitigate risks, and much more. The presenters were practicing investment professionals. Excellent program all around. 

—Frank Ajilore, IFC Resident Representative for Tanzania and Burundi, International Finance Corporation

The Macro-Financial Policymaking in Emerging Markets program has provided me with the analytical and quantitative skills to solve complex problems in the field of macroeconomics, which I've had the chance to implement in my professional career. This course offered me the opportunity to review my economic background, and it provided me the occasion to discover some financial issues that emerging markets are facing. Thanks to this program, I have been chosen by a multilateral institution to work as an Economist. 

—Gabriel Berny Duvalsaint, Senior Economist, Ministry of Economy and Finance, Haiti

Through the International Trade Policy for Development course, I was able to upgrade my knowledge with current developments in the field and exchange experiences with other professionals. The course better equipped me with the theoretical and practical skills to execute my job and maneuver through and negotiate work-related challenges.  

—Ambassador Manorma Soeknandan, Deputy Secretary-General, Caribbean Community (CARICOM) 

Contact Us

Columbia SIPA Picker Center

Contact us to learn how the Columbia SIPA Picker Center can work with your team to develop a program uniquely tailored to your organization’s learning goals and deliver a profound impact on your long-term organizational success.

Laura McCreedy
Manager of Executive Education and Training
[email protected]

SIPA | COLUMBIA UNIVERSITY
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