Monetary Theory and Policy KNEC Notes

MONEY AND BANKS – Click to view FINANCIAL MARKETS, FINANCIAL INSTITUTIONS AND FINANCIAL INSTRUMENTS – Click to view MONEY DEMAND AND MONEY SUPPLY – Click to view CENTRAL BANKING – Click to view AGGREGATE DEMAND (AD) AND AGGREGATE SUPPLY (AD) Read More …

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FOREIGN EXCHANGE MARKETS

Definition of foreign exchange market Foreign exchange is the system or process of converting one national currency into another, and of transferring money from one country to another. The term foreign exchange is also used to refer to foreign currencies. Read More …

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INTERNATIONAL FINANCIAL SYSTEMS

The Bretton wood institutions The Bretton Woods Institutions are the World Bank, and the International Monetary Fund (IMF). They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July 1944. Their aims were Read More …

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MONETARY AND FISCAL POLICY

Monetary policy Monetary policy refers to the manipulation of money supply, liquidity and interest rates in the economy in order to achieve increased employment, economic growth, reduced inflation and improved balance of payments. Monetary policy works through the intermediary of Read More …

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INTEREST RATE AND SECURITIES PRICES

Interest rates Interest rate is the price that a borrower of funds must pay to the lender to secure use of funds for a specified period. An interest rate is a predetermined or negotiated payment made or received for the Read More …

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FINANCIAL MARKETS

A Financial Market is an institution or arrangement that facilitates the exchange of financial assets. They are mechanisms in our society for converting public savings into investments such as buildings, machinery, infrastructure and inventories of goods and raw materials. This Read More …

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FINANCIAL SECTOR REGULATION IN KENYA

2. The rationale for regulation Financial systems are prone to periods of instability. In recent years, a number of financial crises around the world (South-east Asia, Latin America and Russia, Global financial crisis) have brought about a large number of Read More …

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Financial Institutions and capital KNEC Notes

INTRODUCTION TO FINANCIAL INSTITUTIONS AND CAPITAL MARKETS – Click to view FINANCIAL SECTOR REGULATION IN KENYA – Click to view FINANCIAL MARKETS – Click to view INTEREST RATE AND SECURITIES PRICES – Click to view MONETARY AND FISCAL POLICY – Read More …

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