INSTRUCTORS:
Nguyễn Trọng Hoài
Ph.D., University of Colombo, Sri-Lanka
Tôn Nữ Tùy Anh
Ph.D, Macquarie University, Australia
Toàn Huỳnh
Ph.D, Otto Beisheim School of Management
Vũ Thị Hồng Nhung
Ph.D, University of Groningen, The NetherlandsThe aim of this course is to introduce and analyze the issues and debates surrounding development finance, at both a global and local level.
Topics covered in the course include:
- Financial theory as a framework for analysis
- Relationship between finance, growth, development, and poverty alleviation
- Financial repression and liberalization
- Domestic financial system
- External financial system
- Financial crises and debt crises
- Fintech, Financial Inclusion, and Economic Growth
- Financing the Sustainable Development Goals
- Green and sustainable finance and new satellite data for measuring development
During the course, students will apply different approaches to the collection, analysis, and pre- sensation of data, as well as in critically evaluating specific issues of development, and gathering, organizing, and using evidence and information from a wide variety of sources.
It provides skills in identifying, investigating, and justifying possible solutions to problems arising out of the theory and practice of finance development. These also include competency in developing a reasoned argument, critically considering data sources, and defending different approaches.
By the end of this course, students should have obtained a detailed knowledge of the key issues and debates in various aspects of finance development, familiarity with theoretical approaches concerning development problems and an appreciation of the diversity of policy implications.
Session 1: An introduction to the financial system
Session 2: Development finance and economic growth
Session 3: Financial repression, liberalization and growth
Session 4: The domestic financial system: an overview
Session 5: The external financial system: debt and financial crises
Session 6: Financial crises and pandemic context in financial system
Session 7: Fintech, Financial Inclusion, and Economic Growth
Session 8: Financing the Sustainable Development Goals (SDGs)
Session 9: Green and sustainable finance and new satellite data for measuring
development.
Session 10: Group assigment
The class will be divided into a number of groups (eight groups are required to the class, it means that 6-8 members are in one group), each working on an assigned issue of development finance. The purpose of the group assignments is to give the participants an opportunity to explore and apply concepts from the course to a real-world financial issue. Each group will make a presentation to
the class for 20 minutes. Another 20 minutes will be reserved for Q&A for each member in each group. The presentation schedule will be made by the Teaching Team in consultation with each group. A paper of around 8-10 pages has to be submitted one day before the presentation. Grading of the group assignment is based on the quality of the written paper and the presentation.
Subject marking will be based on the following weightings:
Attending 10 %
Group report and presentation 60 %
Individual Oral 30 %
Session 1
Spratt, S. (2008), Chapter 1: “An introduction to the financial system in theory and in practice”
Session 2
Spratt, S. (2008), Chapter 2: “Finance, poverty, development and growth”
Session 3
Spratt, S. (2008), Chapter 3: “Financial repression, liberalization and growth”
Session 4
Spratt, S. (2008), Chapter 4: “The domestic financial system: an overview”
Session 5
Sderbom, M., Teal, F., Eberhardt, M., Quinn, S., & Zeitlin, A. (2014). Modelling the effects of aid and the determinants of growth
Session 6
Spratt, S. (2008), Chapter 6: “Reforming the domestic financial system: options and issues ”
Session 7
Spratt, S. (2008), Chapter 7: “The external financial system (II): debt and financial crises”
Session 8
Neumayer, E., & Spess, L. (2005). Do bilateral investment treaties increase foreign direct investment to developing countries? World Development, 33(10), 15671585. https://doi.org/10.1016/j.worlddev.2005.07.001
Session 9
Soysa, I. de, & Neumayer, E. (2005). False Prophet, or Genuine Savior? Assessing the Effects of Economic Openness on Sustainable Development, 198099. International Organization, 59(3), 731772. https://doi.org/10.1017/S0020818305050253
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