This program is designed for the experienced global policymaker from Emerging Market governments as well as international financial institutions. It covers macro-financial analytical issues and provides quantitative tools such as growth vulnerability to external factors, international liquidity and vulnerability to financial crises, fiscal vulnerability to Sudden Stops and banking stress tests. The course sessions will be led by a group of experts in the field from Columbia University, UMD, IDB, CERES, and the US Federal Reserve Bank bringing together the appropriate focus, theory, and best-practice methods in training.