of commercial banks from a general perspective then narrows down to Kenya’s context. It looks at the importance of commercial banks in Kenya, the roles/functions of commercial banks. It then focuses on the regulations that govern the commercial banks. Lastly it looks at the contribution of commercial banks to Kenya’s economy. TABLE OF CONTENTS Abstract 2 Table of contents 3 Introduction 4 The history and development of commercial banks 5 Importance of commercial banks 9 Roles of commercial
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Commercial bank: Commercial bank mostly deals with deposits and loans from corporations or large businesses. Famous Commercial Banks of Pakistan are Muslim Commercial Bank(MCB),United Bank,Habib Bank. Functions of Commercial Banks: The functions of a commercial banks are divided into two categories: - Primary functions - Secondary functions including agency functions. - Primary functions: The primary functions of a commercial bank include: - accepting deposits; and - granting loans
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FEDERATION Department of Macroeconomic Research paper “Banking system and its role in national economy of the USA” Prepared by Yusifova Sevindzh Supervisor: Orusova O. V. Department of Macroeconomics Moscow-2014 Contents Introduction 1. Federal Reserve System as the central banking system in the USA 1.1. The essence of Federal Reserve System and its main
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RESEARCH INSTITUTE The Debt Crisis and the European Central Bank’s Role of Lender of Last Resort Gordon Hall 418 North Pleasant Street Amherst, MA 01002 January 2013 Phone: 413.545.6355 Fax: 413.577.0261 peri@econs.umass.edu www.peri.umass.edu WORKINGPAPER SERIES Number 306 The debt crisis and the European Central Bank’s role of lender of last resort by Carlo Panico and Francesco Purificato 1. The debate on the role of the central bank in the European debt crisis reveals the increasing difficulty
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China’s Banking Sector The Chinese banking sector was almost completely owned by the government and it was isolated from the global economy. Chinese banks were subject to the requirements of their government’s central intended economic policy. Since 1978, the Chinese government has focused on creating a banking system with different types of institutions and agencies that function in diverse markets with clearly stipulated functions. One of the main objectives of the Chinese banking reforms
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is important to understand how the Fed wields them in practice and how relatively useful each tool is. In recent years, the Federal Reserve has increased its focus on the federal funds rate (the interest rate on overnight loans of reserves from one bank to another) as the primary indicator of the stance of monetary policy. Since February 1994, the Fed announces a federal funds rate target at each FOMC meeting, an announcement that is watched closely by market participants because it affects interest
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and monetary stability. This is mainly achieved by causing savers to avail investors of surplus funds for investment through appropriate interest rate structures; stemming wide fluctuations in the exchange rate of the naira: proper supervision of banks and related institutions to ensure financial sector soundness; maintenance efficient payments system; applying deliberate polices to expand the scope of the financial system so that interior economics, which a re largely informal, are financially included
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Establishment of the Bank The Central Bank of Kenya was established in 1966 through an Act of Parliament - the Central Bank of Kenya Act of 1966. The establishment of the Bank was a direct result of the desire among the three East African countries to have independent monetary and financial policies. This led to the collapse of the East Africa Currency Board (EACB) in mid 1960s. Structure of the Bank Responsibility for determining the policy of the Central Bank is given by the Central Bank of Kenya
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responsibility and accountability, as well as mutual respect and commitment to the organisation from all parties in an organisation. Corporate governance does not only does apply to directors and executives, but to all players in the organisation. Banks and the Corporate Governance Concept Having established a broad understanding
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Nonetheless what all that meant for the World Bank was democratization (Hewitt, 38). The World Bank strategy and abuse of the term “good governance” begun to be strongly criticized as it started to be interpreted by many as a mere attempt of only empowering on the surface the policy-recipient country, while rather pointing
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