When a financial crisis hits one market, why does it so often ripple across the entire world within days? Understanding that transmission — and the policy tools governments and institutions use to contain it — has become essential knowledge for anyone working close to international markets.

This training programme, delivered by the Arab British Fellowship Training Academy, examines how the global economic system behaves under stress: the structural shifts in international economics, the roots of financial crises and how they cross borders, and the fiscal, monetary and institutional responses used to restore stability. Participants leave with a sharper ability to read global conditions during a crisis and connect domestic policy choices to the wider international picture.

Who Should Attend?

• Economists and financial analysts working on international financial instability.
• Banking and financial-institution professionals involved in global market analysis and risk management.
• Government staff engaged in economic planning and fiscal or monetary policy.
• Academics and researchers in economics, finance and international economic relations.

Knowledge and Benefits:

By the end of the programme, participants will be able to:

• Analyse the causes of financial crises and how their effects spread across countries and markets.
• Identify the monetary and fiscal policy tools used to manage economic instability.
• Explain how international economics behaves during global financial crises, and the role international institutions play in maintaining stability.
• Assess economic risk and use that analysis to support balanced, informed decision-making.

Module 1: How Financial Crises Take Shape and Spread

• Definition and types of financial crises.
• Key factors leading to financial instability.
• How crises transmit from one economy to another.

Module 2: The Global Financial System Under Pressure

• Structure of the international financial system.
• The role of central banks in maintaining stability.
• How global financial markets interconnect.

Module 3: Currencies and Volatility

• Exchange rate regimes compared.
• How currency fluctuations affect international trade.
• What determines currency stability.

Module 4: Policy Tools for Crisis Response

• Monetary policy tools, conventional and unconventional, including inflation and interest rate control.
• Fiscal policy responses: government spending, taxation, and public debt during crises.

Module 5: The Role of International Institutions

• The IMF’s role in global financial stability.
• World Bank support programmes and economic assistance.
• How international financial agreements affect developing economies.

Module 6: Capital Flows and Market Speculation

• Foreign direct and portfolio investment.
• Capital mobility during financial crises.
• The impact of financial speculation on global markets.

Module 7: Managing and Recovering from Economic Risk

• Types of risk in the international economy and how to measure them.
• Strategies to reduce exposure to economic shocks.
• Policies for restructuring and recovery after a crisis, including the role of innovation.

Module 8: Foundations of International Economics

• The concept and historical development of international economics.
• Economic globalisation and its effect on global markets.
• The structure of the global economic system.