Nội dung chi tiết môn học Content in detail Chapter 1: AN OVERVIEW OF INTERNATIONAL FINANCE This chapter is designed to show some main ideas of international finance, including basic co
Trang 1ĐỀ CƯƠNG MÔN HỌC TÀI CHÍNH QUỐC TẾ (GIẢNG BẰNG TIẾNG ANH)
1 Thông tin chung về môn học
- Tên học phần: Tài chính Quốc tế (Giảng bằng Tiếng Anh).
- Số tín chỉ: 2 tín chỉ (45 tiết).
- Chuyên ngành đào tạo: Tài chính – Ngân hàng, Tiếng anh Kinh tế - Tài chính
2 Các môn học tiên quyết: Sau khi đã học các môn Tài chính quốc tế, tiếng anh
cơ sở, Kinh tế học, Tài chính tiền tệ
3 Các yêu cầu đối với môn học đối với sinh viên
+ Tự học ở nhà: Tích cực, chủ động tự học theo giáo trình và các tài liệu
+ Nghe giảng trên lớp tối thiểu 80% số giờ giảng.
+ Làm bài tập đầy đủ, đúng hạn, đảm bảo chất lượng.
+ Thảo luận: Chủ động, tích cực tham gia chuẩn bị và thảo luận nhóm.
+ Kiểm tra giữa kỳ: Bắt buộc phải có ít nhất 01 bài kiểm tra.
4 Phân bổ thời gian:
+ Lý thuyết và bài tập: 33 tiết.
+ Tự học có hướng dẫn của giảng viên: 10 tiết.
+ Kiểm tra: 02 tiết ( 01 bài kiểm tra).
+ Hệ thống môn học: 03 tiết
5 Mục tiêu của môn học:
Nhằm trang bị cho sinh viên những kiến thức cơ bản về Tài chính quốc tế, đồng thời cung cấp các thuật ngữ chuyên ngành Tài chính quốc tế bằng tiếng anh Có thể giao tiếp được trong các tình huống có liên quan đến nghiệp vụ Tài chính quốc tế tại các cơ sở kinh tế sau khi sinh viên tốt nghiệp ra trường
6 Tóm tắt nội dung môn học
Học phần Tài chính quốc tế (giảng bằng tiếng anh) mang tính chất lý luận nghiệp
vụ, trình bầy có hệ thống và khái quát hoá những vấn đề có liên quan tới sự vận động của các luồng tiền tệ giữa các quốc gia Học phần bao gồm những nội dung chính yếu sau:
Trang 2- Những vấn đề chung về tài chính quốc tế.
- Xác định tỷ giá hối đoái và xác lập cán cân thanh toán quốc tế.
- Các nghiệp vụ của thị trường tài chính quốc tế.
- Một số nghiệp vụ cơ bản của Thanh toán quốc tế
- Đầu tư quốc tế của các tổ chức kinh tế và tài chính công ty đa quốc gia.
- Viện trợ, vay và nợ quốc tế.
- Thuế quan và liên minh thuế quan.
- Các nghiệp vụ chủ yếu của một số tổ chức Tài chính quốc tế
7 Nội dung chi tiết môn học
Content in detail Chapter 1: AN OVERVIEW OF INTERNATIONAL FINANCE
This chapter is
designed to show
some main ideas of
international
finance, including
basic conditions for
international
finance to appear
and exis; some
main characteristic
of international
finance;
relationalship in
this field as well as
roles and trends of
international
finance
1.1 CONCEPTS AND CHARACTERISTICS OF
INTERNATIONAL FINANCE
- The appearing and existing conditions of international finance
- Concepts of international finance
- Characteristics of international finance: Broad scope, risks, involving in difference currencies, being affected
by the level of market imperfections, … 1.2 ROLES OF INTERNATIONAL FINANCE
- Exploit the external resources to finance for developing the economy
- Impulse the integration to the international economy
- Enhance the effectiveness of utilization of finance resourses
1.3 CONTENTS (COMPONENTS) OF INTERNATIONAL
FINANCE
- In terms of monetary relations
- In terms of international financial activities 1.4 THE INFLUENCE OF MAJOR TRENDS OF THE
WORLD ECONOMY
- The emergence of globalized financial markets
- The emergence of the Euro as a global currency
- Trade liberalization and economic integration
- Privatization wave
Chapter 2: EXCHANGE RATE AND THE BALANCE OF PAYMENT
Trang 3In this chapter,
students must
understand the
definition and the
role of exchange
rate in market
economy Besides,
students must
define three
method to caculate
exchange rate and
its advantages and
drawback of each
as well
Beside some
factors that affect
to exchange rate,
student also
explain the
basically the
mechanism of each
factors which
creating the change
in exchange rate
2.1 EXCHANGE RATE 2.1.1 Concept
- Common understanding of exchange rate
- Direct quotation and indirect quotation 2.1.2 Determination method of exchange rate
- Exchange rate determination under the gold standard of currencies
- Exchange rate determination under the Purchasing power parity
- Exchange rate determination under cross exchange rate approach
2.1.3 Factors affecting exchange rate
- The difference in inflation rate among currencies
- The fluctuation in supply and demand of foreign in the foreign exchange market
- The Government’s interference
- Public psychology
- The fluctuation in interest rate of currencies
- The international monetary specualtion 2.1.4 Regimes of exchange rate
- Concept of exchange rate regime
- Types of exchange rate regime
o Based on the number of exchange rate types
o Based on the degree of flexibility of exchange rate applied
Chapter 3: INTERNATIONAL FINANCIAL MARKET
The need for
the international
financial market
arises in order to
ensure that funds
are transferred
efficiently from
surplus units to
deficits units over
the world
In this chapter,
student would
understand why
and how the
international
financial market
exist and maintain
3.1 ESTABLISHMENT OF THE INTERNATIONAL FINANCIAL MARKET
3.2 COMPONENTS OF THE INTERNATIONAL MARKET 3.3 THE INTERNATIONAL MANETARY MARKET
3.3.1 Eurocurrency market
- The origin of the Eurocurrency market
- The creation of Eurodollar deposits and loans 3.3.2 The foreign exchange market
- Definition of the foreign exchange market
- Characteristics of the foreign exchange market
- Market participants
- Transactions of the foreign exchange market
Spot transaction
- Definition
- The content of Spot transaction
o The Spot exchange rate
o Value date
Trang 4its roles Beside
understanding two
international
financial market,
namely
international
moneytary and
international
capital market,
students would
understand some
main transactions
and its mechanism
in basic in both
markets
In this chapter,
students must
finish several
transaction in types
of exercises
o Steps on dealing
Forward transaction
- Definition
- Characteristics of a forward transaction
- Content of a forward transaction
o Commodity currency
o Maturity
o Forward exchange rate
o Calculating Forward exchange rate:
Method 1: Based on Swap point
Method 2: Based on interest rate parity
Foreign Exchange Swap
- Definition
- Characteristics
- Contents of the foreign exchange swap transaction and Formular to caculate swap exchange rate
Options
- Definition and characteristics
- Types of Options
- Exchange rate and Option premium
- Loss/profit on Option and Diagram
Futures
- Definition
- Contents of futures transaction
o Types of currencies which the futures contract quotes
o The contract size
o The maturity date
o The margin account 3.4 THE INTERNATIONAL CAPITAL MARKET 3.4.1 Overview of the international capital market
- Classification of international capital market
o The international medium and long-term credit market
o The international security market
- Participants of international capital market
o Investment banks
o Brokerage firms
o Commercial banks
o Investors
o Centre banks
- Market transactions 3.4.2 The international bond market
- Market segments
Trang 5o Foreign bonds market
o Eurobonds market
- Market instruments 3.4.3 The international equity market
- Market structure
- Market characteristics
- International equities
Chapter 4: INTERNATIONAL PAYMENT (reference)
International payment is a process
executing obligations to payment and
entitlements to monetary benefits of
goods, services from economic and
non-economic activities between
organizations, individuals, governments…
of different nationalities or between a
nation and an international organization
through bank systems of related partners,
especially through commercial banks
Features:
International payment is characterized by
severalfeatures:
International payment is a global activity
and includes many international elements
International payment is a risky activity
International payment utilizes high
technology
4.1 INTERNATIONAL PAYMENT: AN OVERVIEW
4.1.1 Definition and features 4.1.2 Classifications
4.1.3 Methods 4.1.4 Instruments 4.2 THE MECHANISM OF INTERNATIONAL PAYMENT
4.2.1 Collection mechanism 4.2.2 Letter of credit mechanism
Chapter 5: INTERNATIONAL INVESTMENT AND MULTINATIONAL
CORPORATE FINANCE
International
investment has
accelerated at a
breathtaking pace,
and shifts in the
flow of this
investment are now
reshaping the
global economic
5.1 INTERNATIONAL INVESTMENT IN GENERAL
- Concepts and characteristics
- Categories of international investment
o Foreign direct investment
o Foreign indirect investment 5.2 FOREIGN DIRECT INVESTMENT
- Concept
- Characteristics
- Roles:
o For host country
o For recipient country 5.3 FOREIGN INDIRECT INVESTMENT 5.3.1 Concept
5.3.2 Characteristics of foreign indirect investment
Trang 6landscape Foreign
investors not only
bring fresh capital,
they also bring
jobs, technology,
competitive spirit
and ideas to new
markets These
foreign affiliates
also point to a
deeper level of
economic
integration among
nations It cannot
be deniable that
investment has
important role in
the modern
economic
- The investors do not directly supervise the use of capital
- Financial investment in international financial market 5.3.3 International portfolio investment
- Concept
- Rate of return on security investment
- International portfolio investment in stock market
- International portfolio investment in bond market 5.3.4 International commercial credit
- Concepts
- Features
- Effective financing rate 5.4 MULTINATIONAL CORPORATE FINANCE 5.4.1 Concept and models of multinational corporation 5.4.2 Reasons for the growth of multinational corporate
- Avalability of raw materials
- Protecting and exploiting reputations
- The product Line-cycle hypothesis
- Capital availability
- Strategic FDI
- Avoiding tariffs, quotas and other regulations 5.4.3 Special issues facing multinational corporations: Transfer pricing
- The measurement of transfer prices
- Considerations in transfer pricing
- The mechanism of transfer prices
Chapter 6: FOREIGN AID - GRANT, LOAN AND DEBT
Beside some
general
understanding
about foreign ads,
this chapter will
provide students a
fully sight about
foreign aid: grant,
loan and debts;
specializing on
ODA
Additionally,
6.1 OVERVIEW OF FOREIGN AID - GRANT, LOAN AND DEBT
- Foreign aid - grant
- Foreign loan
- Concept of foreign loan
- Classification of foreign loan
- Advantages and disadvantages of foreign loan
- External debt (or Foreign debt) 6.2 OFFICIAL DEVELOPMENT ASSISTANCE (ODA)
- Concept of ODA
- Grant Element of ODA
- Classification of ODA
Trang 7after finishing this
chapter, students
also have a general
view of managing
foreign loan, debt
and debt crisis – a
commonly serious
topic todays
- Roles of ODA loan
o For donors
o For recipients
- The process of mobilization, management and use of ODA
6.3 MANAGEMENT OF FOREIGN LOAN, DEBT AND DEBT CRISIS
- Management of foreign loan and debt
o Concept of objectives of foreign loan and debt management
o Evaluation of a nation’s foreign debt level
o Contents of foreign loan and debt management
- External debt crisis (Foreign debt crisis)
o Causes of external debt crisis
o Solutions to prevent external debt crisis
o Foreign debt settlement through Paris Club and London Club
CHAPTER 7 THE INTERNATIONAL UNION OF TAXATION
Joining in WTO
and other
international
financial and
economic
institutions, it has
been increasingly
important to
understand about
the international
union of tax
Therefore, in this
chapter, students
will be provided a
general view of
international union
of tax and tax
union Otherwise,
it is also necessary
for students to
understand well
about the
international union
for the avoidance
7.1 INTERNATIONAL UNION OF TAX: GENERAL KNOWLEDGE
- Concept
o Principles and rules on imposing taxes on international economic relations
o Regulations on dealing with international economic relations
- Forms of the international union of taxation 7.2 CUSTOM UNION
- Tariff
o Overview of tariff
o Types of tariffs
o Analyzing impacts of tariffs
o Roles of tariff
- Customs Union
o Roles of customs union
o Some customs unions that Vietnam participates in: Relations in tariff in the WTO ;Tariff issues in ASEAN
7.3 THE INTERNATIONAL UNION FOR THE AVOIDANCE
OF DOUBLE TAXATION
- Concept of double taxation
- Types of double taxation
Trang 8of double taxation - Methods to avoid double taxation
- Conventions for the avoidance of double taxation
CHAPTER 8: MAJOR PROFESSIONAL ACTIVITIES OF SEVERAL
INTERNATIONAL FINANCIAL ORGANIZATIONS (reference)
IMF, WB and
ADB are three off
many financial
institutions
operating in
Vietnam They are
helpful in pushing
Vietnam economy
developing
Therefore,
understanding
about these
organization will
create a basic
concept in how and
why Vietnam
jumps deeply into
international
economic and
finance, and how
these institutions
operate in Vietnam
as well
8.1 THE ESTABLISHMENT, CLASSIFICATION AND ROLES OF INTERNATIONAL FINANCIAL
ORGANIZATIONS
- The establishment of international financial organizations
- Classification of international financial organizations
o Based on the scope of activities
o Based on supporting targets
- The role of international financial organizations
o Combining monetary policies of member countries
to bring stability to national and international monetary systems
o Providing supports for member countries to develop their economies, especially the poorest and most under-developed countries
o Supporting developing member nations to strengthen economic-financial management capacity
8.2 THE INTERNATIONAL MONETARY FUND (IMF)
- Overview of the International Fund
- Financial resources of the IMF
- The process of IMF lending
8.3 THE WORLD BANK
- Overview of the World Bank
- The International Bank for Reconstruction and Development (IBRD)
- The International Development Association (IDA)
8.4 ASIAN DEVELOPMENT BANK (ADB)
- Overview of Asian Development Bank
- Financial Resources of ADB
8 Tài liệu học tập:
8.1 Tài liệu chính: PGS.TS Nguyễn Thị Minh Tâm – International Finance, 2014 8.2 Tài liệu khác:
Tiếng Việt:
Trang 91 PGS.TS Phan Duy Minh, PGS.TS ĐinhTrọngThịnh – Giáo trình Tài chính quốc tế
- Nhà xuất bản tài chính, 2012
2 Bộ tập quán quốc tế về L/C (Các văn bản có hiệu lực mới nhất) – Nhà xuất bản đại học kinh tế quốc dân, 2007
3 PGS,TS Đinh Trọng Thịnh, TS Nguyễn Thị Minh Tâm – Giáo trình Quản trị vay và
nợ quốc tế - Nhà xuất bản tài chính, 2011
4 PGS.TS PhanDuy Minh - Hệ thống câu hỏi và bài tập Tài chính Quốc tế, Nhà xuất bản tài chính, 2003
Tiếng Anh:
1 Maurice D.Levi - International Finance, McGraw-hill international editions – Third edition
2 Tarsem Singh Bhogal & Arun Kumar Trivedi - International Trade Finance - A pragmatic approach, Palgrave –Macmellan publisher, 2008
3 Jeff Madura -International Financial management,10th edition, Cengage Learning EMEA, 2007
4 International Finance, third edition, Keith Philbean
5 Balance of payment manual, International Monetary Fund
6 Keith Pilbeam (2006), International Finance, third Edition
7 Prof Tien, Nguyen Van (2011), International Finance, Statistical publishing House,
Ha Noi
8 IMF, 1988 External debt: Definition, Statistical Coverage and Methodology Washington DC
9 IMF, 2003 External Debt Statistics: Guide for Compilers and Users – Appendix III Washington DC
10 IMF and WB, 2013.The Joint World Bank–IMF Debt Sustainability Framework for Low-Income Countries Washington DC
11 OECD, 2001 Development Co-operation Report: Efforts and Policies of Members
of the Development Assistance Committee
Các Website:
1 www.imf.org (International Monetary Fund)
2 www Adb.org(Asian Development Bank)
3 www.bis.org (Bank for International Settlements)
4 www.worldbank.org (World Bank)
5 www Bloomberg.com (Bloomberg)
6 www finance.yahoo.com
7 www.morganstanley.com
8 www.mof.gov.vn
9 www.mpi.gov.vn
9 Hình thức tổ chức dạy học:
Trang 10TT Tên chương Tổng
số tiết
Trong đó Lý
thuyết, bài tập
Tự học
Kiểm tra
-2 Foreign exchange rate and balance of
payment
-4 International investment and
multinational coporate finance
10 Chính sách đối với môn học
Giảng viên có thể cho điểm và công bố công khai trọng số từng nội dung sau:
- Thời gian nghe giảng trên lớp
- Đọc tài liệu tham khảo (có tóm tắt)
- Tích cực, chủ động chuẩn bị các vấn đề thảo luận tại nhóm.
- Làm bài tập đầy đủ, đúng thời hạn, đảm bảo chất lượng.
- Kiểm tra điều kiện dự thi ít nhất 1 lần
PGS,TS Nguyễn Thị Minh Tâm