Lecture 01: Global Financial System and the Role of Finance in Economic Growth and Development
- World Bank (2001), Finance for Growth: Policy Choices in a Volatile World. Chapter 1: "Making Finance Effective", pp. 31-44
- "International Institutions", HBS case 9-796-116, February 13, 1996 & FETP cập nhật 2013
- P. K. Rao (2003), Development Finance, Chapter 1&2
- Levine R. (2004), Finance and Growth: Theory and Experience. Working Paper 10766. NBER.
- Stephen G Cecchetti and Enisse Kharroubi (2015), "Why does Financial Sector Growth crowd out real economic growth?" Bis Working Papers No. 490. Monetary and Economic Department.
Lecture 2: Financial System in Vietnam
- Huynh The Du, Nguyen Minh Kieu, Do Thien Anh Tuan (2013), Vietnam Financial System
- SBV (2011), "Overview of Credit Institutions in Vietnam"
- Nguyen Xuan Thanh (2016), "Vietnamese Commercial banks: from Legal and Policy Changes in
The main theme of the course is how to build an efficient financial system conducive to economic development in a developing, transition and open economy like Vietnam. The institutional approach is used throughout the course.
The course begins with an overall picture of the financial system, its role in economic development, and an analysis of financial system evolution in developing countries. Topics include the potential dangers of government failure from financial repression to financial liberalization. Discussion will also touch on financial crisis, syndromes, causes and solutions based on the experiences of financial crises in different countries.
The course will then study in greater details the components of a financial system and analyzes the ways in which a government in developing and transition countries intervenes in finance. Here we assume an active role of the government in creating and helping financial markets, especially in developing and transition economy. Finally, fundamental issues regarding management principles and market supervisions by international organizations will be examined.