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Essentials of Money, Banking and Financial Institutions - With Applications to the Developing World (Hardcover)
Loot Price: R3,063
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Essentials of Money, Banking and Financial Institutions - With Applications to the Developing World (Hardcover)
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The study of money, banking and financial markets is a required or
very popular elective in most undergraduate and graduate programs
in economics and finance in Africa. However, the textbooks used are
those written primarily for the developed world such as the United
States or the U.K. The result is that students graduate with
excellent theoretical knowledge about the subject matter as it
pertains to the developed economies, but lack the ability to apply
the same knowledge to less developed economies. Although the
subject matter of money and banking can be treated at a theoretical
level, it is best done with institutions in mind. As an application
oriented course, references and applications should, as much as
possible, be to the conditions and institutions present in the
environment where the subject is being studied and where the
knowledge will be used, rather than to institutions that exist
elsewhere in developed economies. The primary purpose of Essentials
of Money, Banking and Financial Institutions is to provide a text
in money, banking, and financial institutions in the context of the
developing economies, especially Africa. Throughout the book, a
deliberate effort will be made to focus the students' attention on
the need to develop the existing institutions so they can help to
accelerate economic development.
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