The main content of Development finance course is to study how to build an effective financial system to promote economic development in a transforming, open, and developing economy like Vietnam.
The course begins by introducing an overview of the financial system, the role of finance in economic development, analyzing the transformation process of the financial system in developing countries, the potential risks of government failure to financial repression, and financial liberalization. This course also discusses financial crisis, its symptoms, causes and solutions based on the experience of financial crises in different countries.
The next section studies the components of a financial system and analyzes how the government intervenes in financial markets in transition and developing countries. The role of the government in creating and supporting financial institutions and markets is emphasized, especially in the context of economies in transition. In addition, the basics of market regulation and supervision by international organizations are examined.