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The Kenyan Financial System

The Kenyan Financial System

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Published by Bondoobiero
This document discusses the financial/monetary system from the Kenyan perspective.
This document discusses the financial/monetary system from the Kenyan perspective.

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Categories:Types, Business/Law
Published by: Bondoobiero on Apr 05, 2010
Copyright:Attribution Non-commercial

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06/14/2013

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11
THE KENYANTHE KENYANFINANCIAL SYSTEMFINANCIAL SYSTEM
TheThefinancialfinancialsystemsystemfacilitatesfacilitatesthethe transformationtransformationof ofsavingssavingsintointoinvestmentinvestment &&consumptionconsumption..arearesystematicallysystematically interrelatedinterrelated..
 
22
TheThefinancialfinancialsystemsystem
consistsconsists of of::
F
inancial
F
inancial assetsassets
F
inancial
F
inancial intermediariesintermediaries andand
F
inancial
F
inancial marketsmarkets
TheThe primary primary functionfunction of of thethe systemsystem isis toto allocateallocate thethe capitalcapital resourcesresources inin anan economy economy..
 
33
FINANCIAL ASSETSFINANCIAL ASSETS
If IfµAµAtransferstransfersfundsfundstotoµB,µB,µAµAreceivesreceivesaa financialfinancialasset,asset,whichwhichrepresentsrepresentsaaclaimclaim againstagainstthetheincomeincomeandandassetsassetsoofµBµB¶..FromFromthethe  point pointoofviewviewoofµB,µB,suchsuchaaclaimclaimrepresentsrepresentsaa financialfinancialliabilityliability..

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