INTRODUCTION From the last Unit, it would be clear that the financial managers are central to the management of a company’s funds. They are responsible for a company’s investment decisions, advising on the allocation of funds in terms of the total amount of assets, the composition of fixed and current assets, and the consequent risk profile of the choices. They are also responsible for the raising of funds, choosing from a wide variety of institutions and markets, with each source of fina...
The General Context Banks have traditionally played a key role in the financial system by acting as financial intermediaries between ultimate savers and borrowers. As asset transformers, they have accepted deposits with one set of characteristics and created assets with a different set; in particular, they have engaged in maturity transformation with debt contracts on both sides of the balance sheet. They have also been the central mechanism within the payments system. For these and other rea...
1.0 INTRODUCTION This unit will take a look at definition, characteristics and crises in the Political Economy of Banking. 2.0 OBJECTIVES By the end of this unit, you should be able to: i. Define political Economy of Banking ii. Identify the characteristics of Political Economy of Banking iii. Discuss Structure of Banking 3.0 MAIN CONTENT 3.1 MEANING OF POLITICAL ECONOMY OF BANKING The structure and regulation of a country’s financial markets and institutions are the focus of much policy at...
It appears that there are many definitions of money as there are writers of economists. A number of definitions shall be examined here. One of such definitions is that of Paul Samuelson, who defined money "as the modern medium of exchange and the standard unit in which prices and debts are expressed". Money has also been defined as an asset which is used as a medium of exchange, a store of value and a standard for deferred payment or value. Money is looked at as anything legally acceptable in...
TABLE OF CONTENTS LAW OF BANKING AND INSURANCE PART I AND II. DEFINITION OF A BANK. DISTINGUISHING A BANK FROM OTHER SIMILAR ENDEAVOURS BRIEF HISTORY. BANKER AND CUSTOMER RELATIONSHIP NATURE, SCOPE, IMPLICATION, RIGHTS AND OBLIGATION, JURISDICTION OVER BANKER-CUSTOMER DISPUTES, AND REGULATION. WHEN CAN A CHEQUE/WITHDRAWAL ORDER BE DISHONOURED? REGULATION OF FOREIGN EXCHANGE. THE CENTRAL BANK OF NIGERIA (CBN); FUNCTIONS, CONSTITUTION, TOOLS OF MONETARY CONTROL, ETC. THE BANKS...
Islamic banking system History of Islamic banking system History of Islamic banking system in Nigeria Definition of Islamic banking system Characteristics of Islamic banking system Features of Islamic banking system Objectives of Islamic banking system Advantages of Islamic banking system Disadvantages of Islamic banking system Limitations of Islamic banking system List of countries that practice Islamic banking system History of Islamic banking system The first instance ...