Đề cương chi tiết học phần Tài chính quốc tế (tiếng anh) (Học viện tài chính)

ĐỀ 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:
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- 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 1.1.
designed to show
some main ideas of
international
finance, including
basic conditions for
international
finance to appear
and exis; some 1.2.
main characteristic
of
international
finance;
relationalship
in
this field as well as
roles and trends of 1.3.
international

finance.
1.4.

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, …
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.
CONTENTS (COMPONENTS) OF INTERNATIONAL
FINANCE
- In terms of monetary relations
- In terms of international financial activities
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

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In 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

3


its roles. Beside
o Steps on dealing
understanding two Forward transaction
types
of
- Definition

international
- Characteristics of a forward transaction
financial market,
- Content of a forward transaction
namely
o Commodity currency
international
o Maturity
moneytary
and
o Forward exchange rate
international
o Calculating Forward exchange rate:
capital
market,
 Method 1: Based on Swap point
students
would
 Method 2: Based on interest rate parity
understand some Foreign Exchange Swap
main transactions
- Definition
and its mechanism
- Characteristics
in basic in both
- Contents of the foreign exchange swap transaction and
markets.
Formular to caculate swap exchange rate.
In this chapter,
Options

students
must
- Definition and characteristics
finish
several
- Types of Options
transaction in types
- Exchange rate and Option premium
of exercises.
- 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

4


o 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 noneconomic
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 5.1. INTERNATIONAL INVESTMENT IN GENERAL
- Concepts and characteristics
investment
has
- Categories of international investment
accelerated at a
o Foreign direct investment
o Foreign indirect investment
breathtaking pace,

5.2. FOREIGN DIRECT INVESTMENT
and shifts in the
- Concept
- Characteristics
flow
of
this
- Roles:
investment are now
o For host country
o For recipient country
reshaping
the
5.3. FOREIGN INDIRECT INVESTMENT
global
economic 5.3.1. Concept
5.3.2. Characteristics of foreign indirect investment

5


landscape. 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

investment
played

that
has
an

important role in
the

-

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

modern

economic.

Chapter 6: FOREIGN AID - GRANT, LOAN AND DEBT
Beside some 6.1. OVERVIEW OF FOREIGN AID - GRANT, LOAN AND
general
DEBT
understanding
- Foreign aid - grant.
about foreign ads,
- Foreign loan
this chapter will
- Concept of foreign loan
provide students a
- Classification of foreign loan
fully sight about
- Advantages and disadvantages of foreign loan
foreign aid: grant,
- External debt (or Foreign debt)

loan and debts; 6.2. OFFICIAL DEVELOPMENT ASSISTANCE (ODA)
specializing
on
- Concept of ODA
ODA.
- Grant Element of ODA
Additionally,
- Classification of ODA

6


after finishing this
- Roles of ODA loan
chapter, students
o For donors
also have a general
o For recipients
view of managing
- The process of mobilization, management and use of
foreign loan, debt
ODA
and debt crisis – a 6.3. MANAGEMENT OF FOREIGN LOAN, DEBT AND
commonly serious DEBT CRISIS
topic todays.
- 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

7


of 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:

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1. 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,10 th 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.
2.
3.
4.

5.
6.
7.
8.
9.

www.imf.org (International Monetary Fund)
www. Adb.org(Asian Development Bank)
www.bis.org (Bank for International Settlements)
www.worldbank.org (World Bank)
www. Bloomberg.com (Bloomberg)
www. finance.yahoo.com
www.morganstanley.com
www.mof.gov.vn
www.mpi.gov.vn

9. Hình thức tổ chức dạy học:
TT

Tên chương

Trong đó
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1
2
3
4
5

6

An overview of International Finance
Foreign exchange rate and balance of
payment
The international financial market
International investment and
multinational coporate finance
Foreign aid-grant, loan and debt
Union of taxation
Tổng

Tổng
Lý
số
thuyết,
tiết bài tập
4
3
8
6

Tự
học

Kiểm
tra

1
2

-

9
11

7
8

2
2

1

5
8
45

4
5
33

1
2
10

1
2

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
Ý KIẾN CỦA LÃNH ĐẠO HỌC VIỆN

TRƯỞNG BỘ MÔN

PGS,TS Nguyễn Thị Minh Tâm

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