The document provides an overview of Ethiopia's financial markets and institutions. It discusses the country's money markets which include government treasury bills, time deposits, and interbank loans. It also examines capital markets in Ethiopia, though formal capital markets do not exist. Bonds and stocks are issued directly to investors. The document outlines the various banks, insurance companies, microfinance institutions, and other financial entities that make up Ethiopia's financial system, and notes the regulations provided by the National Bank of Ethiopia.
Project finance 3 risks associated with projects & contractsSrinivas Associates
This document provides an overview of forex risk management in India and mechanisms to manage project risks at different stages. It discusses ways to manage forex risk such as currency swaps and forward contracts. It also summarizes risks that can be transferred, shared, or absorbed at different project stages. Key terms discussed include pre-operative expenses, power purchase agreements, and off-taking contracts for transport projects.
Chapter 07_Central Banking and the Conduct of Monetary PolicyRusman Mukhlis
The document discusses the structure and operations of central banks, focusing on the U.S. Federal Reserve System. It describes the origins of the Fed following financial panics in the 19th century. The structure of the Fed involves 12 regional banks, a Board of Governors, and the Federal Open Market Committee. Central bank independence and its relationship to macroeconomic performance is also examined.
This document provides an overview of money market securities, including Treasury bills, commercial paper, negotiable certificates of deposit, and repurchase agreements. It discusses the key characteristics of each type of security such as typical maturities, minimum denominations, how they are issued and traded, and how yields are estimated. The chapter also examines how these short-term instruments provide liquidity to both issuers and investors.
This chapter introduces financial markets and institutions. It defines key terms like primary and secondary markets, as well as money and capital markets. It outlines the role of various financial institutions in channeling funds and the risks they face. It also discusses the regulation of financial institutions to prevent failures from causing economic harm. Globalization trends are noted, with international financial markets growing rapidly in recent decades. An appendix summarizes the failures that led to the 2007-2008 financial crisis and the major government responses.
The document discusses the business and financial environments that financial managers operate within. It covers four basic forms of business organization: sole proprietorships, partnerships, corporations, and limited liability companies. It then discusses risk management, including defining risk, types of risk, and the three steps of risk management: identification, assessment, and treatment. Finally, it outlines the financial environment and key components like financial markets, intermediaries, and brokers.
Chapter 01 - Principal Accounting (Warren Reeve Fess)Arfan Fahmi
This document provides an overview of accounting and business concepts. It defines key terms like assets, liabilities, owner's equity, and the accounting equation. It describes the different types of businesses and business organizations. It explains the accounting process and financial statements. It provides an example of basic business transactions and how they affect the accounting equation for a sample proprietorship.
The Indian financial system plays a vital role in the country's economic development by facilitating savings, investment, and capital formation. It consists of four main components: financial institutions that act as intermediaries between savers and borrowers, financial assets that are traded in markets, financial services provided by asset managers, and financial markets where trading of money, bonds, and shares occurs. The key financial institutions are banks, which accept deposits and provide loans, and non-banking institutions like insurance companies. Important financial assets include treasury bills, certificates of deposit, and commercial paper.
Project finance 3 risks associated with projects & contractsSrinivas Associates
This document provides an overview of forex risk management in India and mechanisms to manage project risks at different stages. It discusses ways to manage forex risk such as currency swaps and forward contracts. It also summarizes risks that can be transferred, shared, or absorbed at different project stages. Key terms discussed include pre-operative expenses, power purchase agreements, and off-taking contracts for transport projects.
Chapter 07_Central Banking and the Conduct of Monetary PolicyRusman Mukhlis
The document discusses the structure and operations of central banks, focusing on the U.S. Federal Reserve System. It describes the origins of the Fed following financial panics in the 19th century. The structure of the Fed involves 12 regional banks, a Board of Governors, and the Federal Open Market Committee. Central bank independence and its relationship to macroeconomic performance is also examined.
This document provides an overview of money market securities, including Treasury bills, commercial paper, negotiable certificates of deposit, and repurchase agreements. It discusses the key characteristics of each type of security such as typical maturities, minimum denominations, how they are issued and traded, and how yields are estimated. The chapter also examines how these short-term instruments provide liquidity to both issuers and investors.
This chapter introduces financial markets and institutions. It defines key terms like primary and secondary markets, as well as money and capital markets. It outlines the role of various financial institutions in channeling funds and the risks they face. It also discusses the regulation of financial institutions to prevent failures from causing economic harm. Globalization trends are noted, with international financial markets growing rapidly in recent decades. An appendix summarizes the failures that led to the 2007-2008 financial crisis and the major government responses.
The document discusses the business and financial environments that financial managers operate within. It covers four basic forms of business organization: sole proprietorships, partnerships, corporations, and limited liability companies. It then discusses risk management, including defining risk, types of risk, and the three steps of risk management: identification, assessment, and treatment. Finally, it outlines the financial environment and key components like financial markets, intermediaries, and brokers.
Chapter 01 - Principal Accounting (Warren Reeve Fess)Arfan Fahmi
This document provides an overview of accounting and business concepts. It defines key terms like assets, liabilities, owner's equity, and the accounting equation. It describes the different types of businesses and business organizations. It explains the accounting process and financial statements. It provides an example of basic business transactions and how they affect the accounting equation for a sample proprietorship.
The Indian financial system plays a vital role in the country's economic development by facilitating savings, investment, and capital formation. It consists of four main components: financial institutions that act as intermediaries between savers and borrowers, financial assets that are traded in markets, financial services provided by asset managers, and financial markets where trading of money, bonds, and shares occurs. The key financial institutions are banks, which accept deposits and provide loans, and non-banking institutions like insurance companies. Important financial assets include treasury bills, certificates of deposit, and commercial paper.
The document discusses the transition of Indian companies to adopt International Financial Reporting Standards (IFRS) by April 1, 2013. It includes a trial balance sheet for a bank as on July 11, 2013, listing assets, liabilities, capital, reserves and surplus, provisions, borrowings, deposits, and income and expenses. It also mentions the key areas assessed in a bank's financial performance include capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk.
The document provides an overview of accounting and financial reporting for governmental and nonprofit entities. It discusses the key characteristics and objectives of financial reporting for these organizations, which differ from for-profit entities in their lack of profit motive and resource providers. The authoritative bodies that set standards for governmental and nonprofit accounting are also identified. An overview of the key elements of a comprehensive annual financial report for a state or local government is given, including the government-wide statements, fund statements, and statistical section.
Financial institutions offer a variety of banking and financial services including savings and checking accounts, loans, investments, and financial advising. They are divided into depository institutions like banks that accept deposits, and non-depository institutions like insurance companies and brokerages. Financial institutions serve as intermediaries that pool funds from many customers and direct them to borrowers, facilitating the flow of money in the economy.
The document discusses India's balance of payments. It includes:
1. The current account which covers merchandise (exports and imports) and invisibles (services, transfers, investment income).
2. The capital account which includes foreign investment, loans, banking capital, and other capital flows.
3. Errors and omissions and the overall balance which is the sum of the current account, capital account and errors/omissions.
The document provides information about the International Monetary Fund (IMF), including its history, organization structure, functions, and relationship to India. It was formed in 1944 at the Bretton Woods conference to oversee the international monetary system and facilitate global economic cooperation. The IMF works to monitor economies, provide loans to countries in need, and offer technical assistance. It is governed by the Board of Governors and funded by member country quotas.
This document provides information about the functions and roles of a central bank. It discusses how the first central bank, the Bank of England, was established in 1694. A central bank is responsible for a country's financial and economic stability by regulating other banks and formulating monetary policies. It acts as both the government's bank, by managing public debt and foreign exchange, and as the banker's bank by providing services to commercial banks. The document also outlines different methods that central banks use to issue currency, such as minimum reserve, fixed fiduciary, and proportional reserve systems.
Financial Markets, Financial Institutions, Interest Rates. asset demand and determination of asset prices, role of information in financial markets, causes and consequences of financial crises.
This document provides an overview of bond valuation and the bond market. It discusses key bond features and valuation concepts, including how bond prices are determined by expected future cash flows and interest rates. Government bonds such as Treasury securities are described as well as corporate bonds, which have greater default risk. Bond ratings are also covered, with higher rated bonds seen as less risky. The effects of inflation and the term structure of interest rates on bond yields are summarized.
The document discusses key concepts related to budgeting, budgetary accounting, and performance management in the public sector. It defines what a budget is, identifies the major components and principles of public budgets, and describes different budgetary approaches and the budget process, including preparation, legislative approval, execution, and accounting. The chapter also examines budgetary terminology, participation in budgeting, and alternative budgetary approaches like line-item, performance, and zero-based budgeting.
This document provides an introduction to international accounting. It discusses how international accounting differs from domestic accounting due to factors like differing business practices, regulations, and tax codes between countries. The document also outlines the historical development of international accounting standards and how certain countries influenced other regions. Finally, it discusses contemporary issues in international accounting like the growth of multinational operations, financial innovation, global competition, and the internationalization of capital markets.
This document discusses financial risk management approaches and criticisms of modern portfolio theory. It notes that qualitative risk management is important given human cognitive biases and irrational market behavior. The document critiques assumptions of MPT like rationality and normal returns. Modern risk measures like Value at Risk are flawed as risks are fat-tailed rather than normal. Scenario analysis and non-parametric estimates are recommended to better account for tail risks and model limitations.
This document provides an overview of key concepts related to globalization and international financial management. It discusses factors influencing globalization such as trade agreements and technology. Several theories of international trade are described, including comparative advantage and theories based on factor endowments. The roles of multinational corporations in facilitating globalization and risks they face are outlined. Governance models in the US and Asia are compared. Finally, structure and participants in foreign exchange markets are reviewed.
IFRS and GAAP share many similarities in their requirements for financial statements but also have important differences. IFRS uses principles-based standards and allows revaluation of some assets to fair value, while GAAP takes a more rules-based approach and prohibits revaluation. IFRS also requires separate component depreciation for fixed assets and recognizes development costs as intangible assets under certain criteria. Adopting IFRS may improve international comparability and investor understanding but also involves substantial transition costs.
This chapter discusses factors that cause interest rates to change over time. It examines the forces that move interest rates using a supply and demand framework for bonds. The demand for bonds depends on wealth, expected returns, risk, and liquidity. The supply depends on expected profitability, expected inflation, and government activities. Changes in these factors can shift the supply and demand curves for bonds and change the equilibrium interest rate. The chapter analyzes examples like the Fisher effect and business cycle expansions to demonstrate how interest rates are determined.
This document discusses various methods for measuring and managing interest rate risk, including interest rate sensitivity gap analysis and duration gap analysis. It defines interest rate sensitivity gap as the difference between interest rate sensitive assets and liabilities, and explains how a positive, negative, or zero gap impacts changes in net interest income from interest rate movements. It also introduces duration as a weighted measure of maturity that considers the timing of cash flows from assets and liabilities. The document provides examples of calculating weighted duration gaps for asset and liability portfolios, and the change in net worth from an interest rate increase. It notes limitations in using duration gap analysis for interest rate risk management.
This document provides an overview of financial markets and institutions. It begins by defining financial markets as systems that channel funds from surplus to deficit units. It then describes the key components of financial markets, including the debt and equity markets, primary and secondary markets, and money and capital markets. It also outlines the major instruments traded in these markets. The document further discusses the functions of financial markets in borrowing/lending, price determination, coordination, risk sharing, liquidity, and efficiency. It then defines financial institutions and describes their role in indirect finance. It outlines the major types of financial institutions and regulations implemented to protect investors and ensure financial system soundness.
The document discusses money markets and the various securities traded within them. Money markets provide short-term funding for participants and a place for investors to store excess cash. Major securities discussed include Treasury bills, certificates of deposit, commercial paper, and repurchase agreements. These instruments vary in issuers, maturity length, and liquidity. Money markets help corporations and governments manage mismatches between cash inflows and outflows.
Budgetary Considerations in Governmental AccountingNeveenJamal
The main purpose of government is to provide a variety of services to their citizens.
Most of governmental resources are derived from those who pay taxes, but most tax payer do not pay taxes.
Therefore, It can be said that the various services provided by government must compete with each other for scarce resources.
Budget is a process that provides for accumulating resources and for allocating them among competing programs.
This document provides an overview of the content covered by IAS 37 relating to provisions, contingent liabilities, and contingent assets. It discusses key topics such as the definition of provisions and their recognition criteria, measurement of provisions including discounting, changes in provisions, and specific types of provisions for onerous contracts and restructuring. Contingent liabilities and contingent assets are also defined along with their accounting treatment and disclosure requirements.
The document provides an introduction to analyzing bank financial statements. It outlines topics that will be covered such as basic accounting, reports, and ratios. Specific areas that will be examined include the differences between retail and wholesale banks, how growth, assets, liabilities, inflation, loan loss accounting, and budgets affect bank earnings. The course will discuss US bank financial statement practices and allow students to compare them to practices in Vietnam.
459 policy initatives for improved financial services nationalJai Jp
The document outlines policy initiatives taken by the Ethiopian government since the early 1990s to improve financial services and access to rural areas. Key policies include maintaining macroeconomic stability, developing the legal and regulatory framework, expanding telecommunications infrastructure, and programs to provide loans for agricultural inputs to mitigate market failures. Moving forward, challenges include stabilizing inflation, modernizing payment systems, developing missing laws and regulations, and further expanding telecommunications.
The document discusses India's financial system, which consists of three main parts: financial assets like loans and deposits, financial institutions like banks and mutual funds, and financial markets like the money market and capital market. It describes the evolution of India's financial system over three periods from 1949 to the present, noting the nationalization of banks in 1969, the financial repression of 1969-1991, and the major reforms beginning in 1991 in response to committee recommendations. The current system is largely deregulated and liberalized compared to the earlier regulated periods.
The document discusses the transition of Indian companies to adopt International Financial Reporting Standards (IFRS) by April 1, 2013. It includes a trial balance sheet for a bank as on July 11, 2013, listing assets, liabilities, capital, reserves and surplus, provisions, borrowings, deposits, and income and expenses. It also mentions the key areas assessed in a bank's financial performance include capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk.
The document provides an overview of accounting and financial reporting for governmental and nonprofit entities. It discusses the key characteristics and objectives of financial reporting for these organizations, which differ from for-profit entities in their lack of profit motive and resource providers. The authoritative bodies that set standards for governmental and nonprofit accounting are also identified. An overview of the key elements of a comprehensive annual financial report for a state or local government is given, including the government-wide statements, fund statements, and statistical section.
Financial institutions offer a variety of banking and financial services including savings and checking accounts, loans, investments, and financial advising. They are divided into depository institutions like banks that accept deposits, and non-depository institutions like insurance companies and brokerages. Financial institutions serve as intermediaries that pool funds from many customers and direct them to borrowers, facilitating the flow of money in the economy.
The document discusses India's balance of payments. It includes:
1. The current account which covers merchandise (exports and imports) and invisibles (services, transfers, investment income).
2. The capital account which includes foreign investment, loans, banking capital, and other capital flows.
3. Errors and omissions and the overall balance which is the sum of the current account, capital account and errors/omissions.
The document provides information about the International Monetary Fund (IMF), including its history, organization structure, functions, and relationship to India. It was formed in 1944 at the Bretton Woods conference to oversee the international monetary system and facilitate global economic cooperation. The IMF works to monitor economies, provide loans to countries in need, and offer technical assistance. It is governed by the Board of Governors and funded by member country quotas.
This document provides information about the functions and roles of a central bank. It discusses how the first central bank, the Bank of England, was established in 1694. A central bank is responsible for a country's financial and economic stability by regulating other banks and formulating monetary policies. It acts as both the government's bank, by managing public debt and foreign exchange, and as the banker's bank by providing services to commercial banks. The document also outlines different methods that central banks use to issue currency, such as minimum reserve, fixed fiduciary, and proportional reserve systems.
Financial Markets, Financial Institutions, Interest Rates. asset demand and determination of asset prices, role of information in financial markets, causes and consequences of financial crises.
This document provides an overview of bond valuation and the bond market. It discusses key bond features and valuation concepts, including how bond prices are determined by expected future cash flows and interest rates. Government bonds such as Treasury securities are described as well as corporate bonds, which have greater default risk. Bond ratings are also covered, with higher rated bonds seen as less risky. The effects of inflation and the term structure of interest rates on bond yields are summarized.
The document discusses key concepts related to budgeting, budgetary accounting, and performance management in the public sector. It defines what a budget is, identifies the major components and principles of public budgets, and describes different budgetary approaches and the budget process, including preparation, legislative approval, execution, and accounting. The chapter also examines budgetary terminology, participation in budgeting, and alternative budgetary approaches like line-item, performance, and zero-based budgeting.
This document provides an introduction to international accounting. It discusses how international accounting differs from domestic accounting due to factors like differing business practices, regulations, and tax codes between countries. The document also outlines the historical development of international accounting standards and how certain countries influenced other regions. Finally, it discusses contemporary issues in international accounting like the growth of multinational operations, financial innovation, global competition, and the internationalization of capital markets.
This document discusses financial risk management approaches and criticisms of modern portfolio theory. It notes that qualitative risk management is important given human cognitive biases and irrational market behavior. The document critiques assumptions of MPT like rationality and normal returns. Modern risk measures like Value at Risk are flawed as risks are fat-tailed rather than normal. Scenario analysis and non-parametric estimates are recommended to better account for tail risks and model limitations.
This document provides an overview of key concepts related to globalization and international financial management. It discusses factors influencing globalization such as trade agreements and technology. Several theories of international trade are described, including comparative advantage and theories based on factor endowments. The roles of multinational corporations in facilitating globalization and risks they face are outlined. Governance models in the US and Asia are compared. Finally, structure and participants in foreign exchange markets are reviewed.
IFRS and GAAP share many similarities in their requirements for financial statements but also have important differences. IFRS uses principles-based standards and allows revaluation of some assets to fair value, while GAAP takes a more rules-based approach and prohibits revaluation. IFRS also requires separate component depreciation for fixed assets and recognizes development costs as intangible assets under certain criteria. Adopting IFRS may improve international comparability and investor understanding but also involves substantial transition costs.
This chapter discusses factors that cause interest rates to change over time. It examines the forces that move interest rates using a supply and demand framework for bonds. The demand for bonds depends on wealth, expected returns, risk, and liquidity. The supply depends on expected profitability, expected inflation, and government activities. Changes in these factors can shift the supply and demand curves for bonds and change the equilibrium interest rate. The chapter analyzes examples like the Fisher effect and business cycle expansions to demonstrate how interest rates are determined.
This document discusses various methods for measuring and managing interest rate risk, including interest rate sensitivity gap analysis and duration gap analysis. It defines interest rate sensitivity gap as the difference between interest rate sensitive assets and liabilities, and explains how a positive, negative, or zero gap impacts changes in net interest income from interest rate movements. It also introduces duration as a weighted measure of maturity that considers the timing of cash flows from assets and liabilities. The document provides examples of calculating weighted duration gaps for asset and liability portfolios, and the change in net worth from an interest rate increase. It notes limitations in using duration gap analysis for interest rate risk management.
This document provides an overview of financial markets and institutions. It begins by defining financial markets as systems that channel funds from surplus to deficit units. It then describes the key components of financial markets, including the debt and equity markets, primary and secondary markets, and money and capital markets. It also outlines the major instruments traded in these markets. The document further discusses the functions of financial markets in borrowing/lending, price determination, coordination, risk sharing, liquidity, and efficiency. It then defines financial institutions and describes their role in indirect finance. It outlines the major types of financial institutions and regulations implemented to protect investors and ensure financial system soundness.
The document discusses money markets and the various securities traded within them. Money markets provide short-term funding for participants and a place for investors to store excess cash. Major securities discussed include Treasury bills, certificates of deposit, commercial paper, and repurchase agreements. These instruments vary in issuers, maturity length, and liquidity. Money markets help corporations and governments manage mismatches between cash inflows and outflows.
Budgetary Considerations in Governmental AccountingNeveenJamal
The main purpose of government is to provide a variety of services to their citizens.
Most of governmental resources are derived from those who pay taxes, but most tax payer do not pay taxes.
Therefore, It can be said that the various services provided by government must compete with each other for scarce resources.
Budget is a process that provides for accumulating resources and for allocating them among competing programs.
This document provides an overview of the content covered by IAS 37 relating to provisions, contingent liabilities, and contingent assets. It discusses key topics such as the definition of provisions and their recognition criteria, measurement of provisions including discounting, changes in provisions, and specific types of provisions for onerous contracts and restructuring. Contingent liabilities and contingent assets are also defined along with their accounting treatment and disclosure requirements.
The document provides an introduction to analyzing bank financial statements. It outlines topics that will be covered such as basic accounting, reports, and ratios. Specific areas that will be examined include the differences between retail and wholesale banks, how growth, assets, liabilities, inflation, loan loss accounting, and budgets affect bank earnings. The course will discuss US bank financial statement practices and allow students to compare them to practices in Vietnam.
459 policy initatives for improved financial services nationalJai Jp
The document outlines policy initiatives taken by the Ethiopian government since the early 1990s to improve financial services and access to rural areas. Key policies include maintaining macroeconomic stability, developing the legal and regulatory framework, expanding telecommunications infrastructure, and programs to provide loans for agricultural inputs to mitigate market failures. Moving forward, challenges include stabilizing inflation, modernizing payment systems, developing missing laws and regulations, and further expanding telecommunications.
The document discusses India's financial system, which consists of three main parts: financial assets like loans and deposits, financial institutions like banks and mutual funds, and financial markets like the money market and capital market. It describes the evolution of India's financial system over three periods from 1949 to the present, noting the nationalization of banks in 1969, the financial repression of 1969-1991, and the major reforms beginning in 1991 in response to committee recommendations. The current system is largely deregulated and liberalized compared to the earlier regulated periods.
Fiduciary or paper money is issued by the Central Bank on the basis of
computation of estimated demand for cash. Monetary policy guides the Central
Bank’s supply of money in order to achieve the objectives of price stability (or low
inflation rate), full employment, and growth in aggregate income.
3. Capital Market Development in the Philippines_ Problems and Prospects.pdfMarjorieSalvadorVall
This document summarizes capital market development in the Philippines. It notes that while the Philippines was once a promising developing country in Asia after WWII, its capital market has developed slowly. The importance of the financial sector to the economy has remained largely unchanged from 1980 to 2001. Commercial banks have increased in importance while non-bank financial institutions have decreased. Pension funds and insurance companies are the most important non-bank financial institutions. The document focuses on pension funds, the equities market, and fixed-income securities market as key components of the capital market that could help economic growth if developed further.
This document discusses the role of foreign banks in emerging countries. It begins by defining emerging markets and noting their importance as areas of high growth potential. It then discusses how foreign banks have increased their presence in emerging market banking systems since the 1990s, bringing new products, technology, and lower costs. However, their presence also increases these countries' susceptibility to global economic shocks. The regulation of foreign banks in local markets is evolving. In the future, foreign banks will play an integral role in emerging market monetary policies and financial systems.
Foreign banks have increasingly entered emerging market economies since the 1990s, bringing new products, technology and access to lower-cost funds. However, they also increase these economies' susceptibility to global economic shocks. While foreign banks provide benefits, local banks often struggle to compete. Regulations governing foreign bank entry and operations are evolving in emerging markets as these economies liberalize and integrate further with global financial systems. The roles and impacts of foreign banks in emerging markets will continue changing as these markets and their banking environments develop further.
Comparison of Ethiopian and Kenyan Commercial Banks sabiadmasu
Ethiopia and Kenya are among the largest states in the horn of Africa in terms of both population and area. This study tries to compare the banking products between Commercial Bank of Ethiopia and some selected Kenyan commercial banks in general and specifically the Moyale area. The study has a main objective of identifing product gaps of CBE to become world class commercial bank by comparison with some Kenyan commercial banks. Specifically, the project identify bank products of some selected Kenyan commercial banks, identify CBE’s products, point out lessons learned from the Kenyan commercial banks and suggest possible products to CBE. The main focus of the study is comparing banking products of CBE and selected Kenyan commercial banks not other strategic or budgeting issues of banking activities. The information and data required for the study collected by employing field observation and secondary written documents. Both quantitative and qualitative data is gathered for the study using the above methods. The main findings of the study is the there are a differentiated products offered by the selected Kenyan commercial banks and CBE also has a unique banking products. Kenyan commercial banks have all the required features in one format that is used for deposit, withdrawal and account to account transfer and they avail indoor camera in every branch for opening saving and current account. Personal Current Account and check plus account, Ufansi Binafsi account / SME account/, Busara savings account /savings for special occasion account/, FCB Labbeyk Account / savings for Hajj/, KCB students plus /FCB Students/ Account, KCB easy pay loan /Equity Bank Flexi-Salo/, Equity Bank Equiloan /FCB check off facility/, Salary Advance, KCB Grace loan / FCB Lulu Advantage/, KCB SME Loan /FCB SME Finance/ Equity Bank SME Loan, KCB Masomo Loan / Elimika Na FCB/, School Tuition Account, FCB Boresha Mifugo and other identified product types must be introduced in the product line of CBE.
This study is not the final and ultimate, there are issues to be investigated in the banking sectors of the two countries and also there are other neighbors’ banking products to be investigated.
NORMAT E INTERESIT / INTEREST RATES IMPACT AND LOAN SYSTEM IN THE ECONOMIC DE...Shkumbin Gërguri
Commercial banks are intermediators of the interaction between business entities and other economic, legal and social agents. Today, banks do not have the approach towards the classic model, whose function was only to offer classic services of deposits and loans,; with evolution of global trends and technology banks have created nowadays a modern system of operating that applies techniques and methods that are the trend of globalization.
The document reports on a survey of 1,000 Vietnamese consumers regarding their experiences with and satisfaction of consumer finance services. The survey found high overall satisfaction levels and that the most popular providers were HD Saison, Home Credit, FE Credit, and ACS Trading. Respondents preferred installment loans for motorbikes and electronics and most utilized direct sales agents or bank branches for acquiring loans.
StoxPlus is pleased to introduce our third issue on Vietnam Consumer Finance (“CF”) Market report 2015. Our first issue was released in 2013, covering consumer finance (“CF”) market data up to 31/12/2011. Our 2013 report was the first in-depth sector research for consumer finance in Vietnam. Fast forward to this new edition of our report, StoxPlus provided an updated and comprehensive analysis on the small but fast-growing consumer finance market in Vietnam. - See more at: http://stoxresearch.com/Reports/152-vietnam-consumer-finance-report-2015.aspx#sthash.KukBjr96.dpuf
This document provides an overview of the banking system in Nepal. It discusses the evolution of banking in Nepal from the establishment of Nepal Bank Ltd. in 1937 as the first modern bank, to the current system which includes 27 commercial banks, 24 development banks, and other financial institutions. The document also examines issues around financial literacy and inclusion in Nepal. It notes that many people in Nepal receive wages, payments, and transfer cash, and digital payments could help bring more people into the formal financial system. The objectives and research questions of the study are also outlined, which focus on exploring the marketing policies of commercial banks and analyzing monetary policy in Nepal.
Key findings of EBAN’s annual statistics for the year 2015 include:
Taking into account angel investment data from both 2014 and 2015, EBAN estimates the European early-stage market at €8.6 billion, with Angel Investing representing approximately €6.1 billion in 2015.
Según el estudio elaborado por el EBAN, con relación al año 2013 la inversión angel ha crecido un 8,3%, aumentando en 6,1 millones de euros en Europa. La comunidad de inversores ha crecido hasta los 303.650 inversores, que en el año 2015 cerraron 32.940 operaciones. En relación a los países europeos, el reino unido sigue siendo el país líder en inversiones, mientras que España ha ocupado el segundo lugar los dos últimos años, con 55 millones de inversión angel en 2015
Rand Merchant Bank was the lead manager and bookrunner for MTN's debut US$ denominated Eurobond issuance. This was MTN's first international bond issuance. RMB was selected due to its strong track record in assisting South African companies access offshore markets. The transaction strengthened RMB's relationship with MTN and demonstrated RMB's growing reach into the rest of Africa as a leading debt capital markets bank. The document is an excerpt from the International Debt Capital Markets Handbook 2016 discussing RMB's role in MTN's bond issuance.
Vietnam Consumer Finance Report 2020: Challenges and opportunities for getting ahead
The 2019 has been particularly eventful, with the revival of at least two previously inactive FinCos to the market (PTFinance, FCCOM), putting pressure on the market shares of the incumbents. CF increased its contribution to national loan book to 20.5% in 2019, up from the 19.6% in 2018. Given the current market size, CF penetration in Vietnam is currently considered slow compared to its regional peers, signifying an attractive growth prospect.
Assess to our FULL REPORT: http://fiinresearch.vn/Reports/20AA1-vietnam-consumer-finance-report-2020-.html
This document provides an overview of retail banking in India. It discusses key concepts related to retail banking such as what constitutes a bank and retail banking. It outlines the various forms of banking in India. It also discusses the Reserve Bank of India and its role in regulating the banking system and monetary policy. The document then covers public sector banks, private sector banks, regional rural banks, and new entities like payments banks in India. It provides historical information on the nationalization of banks and the evolution of the banking sector in India.
The document provides an economic update for Sri Lanka in April 2010. It summarizes that GDP growth was 3.5% in 2009, with services contributing most to the economy. Tourism arrivals increased 53.7% in March 2010. The BOI targets $5 billion in foreign investment over six years. Inflation decreased to 5.8% in April. Commercial bank lending to the private sector increased. It also discusses delays to Sri Lanka's 2010 budget and provides details on aid received from ADB and Japan. The Greece debt crisis is outlined, including a $145 billion bailout package agreed in May 2010.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
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Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
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Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Ethiopian financial markets
Ethiopian financial institutions
Financial regulation in Ethiopia
Chapter contents
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Money markets
is where short term securities are traded
securities traded in this market include
government treasury bills
time deposits
interbank loans
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Government treasury bills
are debt instruments issued by the federal
government.
have maturities of 28 days,91 days ,182 days,
and 364 days
are sold at a discount through non-competitive
auction
banks and non-bank firms participate in the
treasury bill market
non-bank firms include insurance companies,
social security agency, corporations and the
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Government treasury bills…
banks have been the primary investors in
government treasury bills buying 89% of
bills in 2006 and 74% in 2007.
however, non-bank firms became major
investors since 2008 with 93% in 2008 and
67% in 2009.
the weighted average yield on treasury bills
has increased from 5.3% in 2006 to 7.9% in
2009
6.1 Ethiopian financial markets
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6.1 Ethiopian financial markets
0.00
10,000.00
20,000.00
30,000.00
40,000.00
50,000.00
60,000.00
70,000.00
2006 2007 2008 2009
Treasurybill purchases by investor type
Amount sold Banks Non banks
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Treasury bill Price Per Br 100 Face Amount
Treasury bill Yield
6.1 Ethiopian financial markets
2008/09 2009/10 2010/11
28 Days 99.951 99.943 99.886
91Days 99.783 99.757 99.703
182 Days 99.657 91.352 99.645
2008/09 2009/10 2010/11
28 Days 0.64% 0.74% 1.49%
91 Days 0.87% 0.98% 1.19%
182 Days 0.69% 18.99% 0.71%
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Time deposits (CDs)
issued by commercial banks
investors include other banks, non-bank
financial institutions, private corporations,
public enterprises, and retail customers
it accounted for 7.1% of total deposit in
2006 and 4.5% in 2009
time deposits are kept with varying
maturities of a few months to more than 2
years
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
6.1 Ethiopian financial markets
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
Interets
rate
Trendsof returnson time deposit
Up to 1 yr
1-2 yrs
Over 2 yrs
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Interbank loan Market
commercial banks borrow from each other
it began operation in September 1998
since then a total of Br 292mill interbank
loan has been extended between
November 2000 and April 2008.
the maximum interbank loan was made in
2003 by the amount of Br 93.43mill
No interbank loan has been extended
since 2008
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Interbank loan…
term of interbank loan ranges from
overnight to 5 years
Interest on interbank loan ranges between
7% to 11%.
Lenders included CBE, AIB, BoA, and NIB
Borrowers included NIB, Wegagen and
Awash
6.1 Ethiopian financial markets
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6.1 Ethiopian financial markets
0 20000 40000 60000 80000 100000 120000
Nib International Bank
Commercial Bank of Ethiopia
Awash International Bank
Bank of Abyssinia
Interbankloanlenders by aggregate loan size
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
6.1 Ethiopian financial markets
0 20000 40000 60000 80000 100000 120000 140000 160000
Awash international bank
Wegagen bank
Nib International bank
Interbank loan borrowersby aggregate loan size
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Capital Markets
Why Capital Markets?
Enhanced saving mobilization
Help in resource allocation
Promote efficient financial system
Help term transformation and improve
capital structure
Allow deconcentration of ownership
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Capital markets
Why Capital Markets?...
Improve accounting and auditing
standards
Attract Foreign Direct Investment(FDI)
Provide effective tools for monetary and
fiscal policy
Help privatization efforts
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Capital markets…
no capital market in Ethiopia
despite an intense pressure from
entrepreneurs, academicians and
international financial institutions such as
IMF & WB, the Ethiopian government
didn’t want to establish capital markets in
the country. (Go to List of SEs in Africa)
but capital market instruments are offered
to investors informally. Eg. Stocks and
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Bonds
are issued by public enterprises(EEPCO and
Ethio Telecom), state/regional governments,
and development bank of Ethiopia(DBE)
during 2009/10 bonds by the total amount of
Br10.86bill were issued of which nearly half
is by EEPCO
Value of bonds outstanding by June 2011
totaled Br 40.3 bill compared to 27.7bill in
2010
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
6.1 Ethiopian financial markets
EEPCO
Regional
governments
Development
Bank of Ethiopia
Private sector
Amount of bonds issued in 2009/10 by
issuer type
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
6.1 Ethiopian financial markets
Public enterprises
60%
Regional governments
25%
DevelopmentBank of
Ethiopia
15%
Private sector
0%
Valueof bondsoutstandingby June 2010
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Stocks
Despite absence of capital markets,
financial institutions and corporations
directly issue their stocks to the general
public.
Due to absence of a secondary market,
investors seek the help of the original
issuers when they want to sell their stocks
Stocks of banks are highly demanded
than non-bank financial institutions,
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Mortgages
mortgage loans are extended by
construction and business bank(CBB),
and Commercial Bank of Ethiopia(CBE).
CBE has been extending mortgage loans
to condominium owners.
the banks do not have any options other
than keeping the mortgage loans until
maturity
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Foreign Exchange Market
Foreign currencies are traded through an
open auction between NBE and Banks
and among banks in the country.
Auction is organized by the National Bank
of Ethiopia
Currencies traded in the forex market
include: - US DOLLAR - JAPANESE YEN -
SWIDISH KRONER
- EURO - SOUTH AFRICAN RAND - SWISS FRANC
- UAE DIRHAM - CANADIAN DOLLAR - POUND STERLING
6.1 Ethiopian financial markets
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Formal financial institutions
6.2 Ethiopian financial institutions
Banks
81%
Insurance
4%
MFI
15%
Relativesize of financial institutionsbycapital
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Formal financial institutions
Banks
State owned Vs private
Development, construction , and
Commercial banks
By June 2010, there were 19 banks, of
which 16 were private while 3 are state
owned
Banks account for 81% of capital of
financial institutions in the country
6.2 Ethiopian financial institutions
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Formal financial institutions
Banks(Brief History)
Bank of Abyssinia established in 1905
BoA was dissolved in 1931 and Bank of
Ethiopia was set up
Many private banks were established after
the Italians left
State Bank of Ethiopia was founded in 1943
and splitted into NBE and CBE in 1963
6.2 Ethiopian financial institutions
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Formal financial institutions
Banks(Brief History)…
The Agricultural and Industrial Development
Bank (AIDB) was established in 1970 and the
Housing and Saving Bank(HSB) in 1975.
Many private banks and insurance companies
were operating in the financial industry before
the 1974 revolution.
The derg nationalized all private banks
merging them with CBE, and all private
insurance companies with EIC
6.2 Ethiopian financial institutions
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Formal financial institutions
Banks(Brief History)
The banks were used as instruments in
exercising socialist economic policy
The 1994 banking reform reopened the
financial industry to private investors
6.2 Ethiopian financial institutions
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Formal financial institutions
6.2 Ethiopian financial institutions
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Formal financial institutions
Insurance companies
6.2 Ethiopian financial institutions
0 50 100 150 200 250 300 350 400
Ethio-Life Insurance. Co.
Lion Insurance. Co.
United Insurance. Co.
Oromia Insurance. Co.
Africa Insurance. Cc
Nib Insurance. Co.
Nile Insurance. Co.
Global Insurance. Co.
Awash Insurance. Co.
Nyala Insurance. Co.
National Insurance. Co.
Ethiopian Insurance. Co.
S
Ize of insurersby capital as of J
une 2010
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Formal financial institutions
Micro-finance institutions
The five largest MFIs; namely
Amhara
Dedebit
Oromia
Omo and
Addis Credit and Savings Institutions
6.2 Ethiopian financial institutions
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Formal financial institutions
Pension Funds
Social Security Agency
• Administers pension programs for public sector
employees
• Private firms used to run their own Provident
Fund
• Private sector pension fund has been established
through Regulation No 202/2011
6.2 Ethiopian financial institutions
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Semi-formal financial institutions
Employee Credit & Saving Associations
are supervised NOT by the NBE, but by
Federal Cooperatives agency
Attract deposits
Extend consumer loans
Invest in shares of companies and run
businesses of their own
6.2 Ethiopian financial institutions
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
Informal financial institutions
Iqqub
are variants of Rotating Saving and Credit
Associations(ROSCAS)
Established within family and friendship
groups
6.2 Ethiopian financial institutions
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
NBE regulats the financial market
Issues licenses to Banks, Insurance
firms,and Microfinance Institutions.
Regulats the financial sector through
issuance of directives.
Supervises banks,Insurance companies
and MFIs
6.3 Financial market regulation in
Ethiopia
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
NBE regulats the financial market by the
power vested upon it through
The Monetary and Banking Proclamation
No. 83/1994
It was issued along with The Licensing and
Supervision of Banking Business
Proclamation No. 84/1994
6.3 Financial market regulation in
Ethiopia
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
New Proclamations
The National Bank of Ethiopia Establishment
(as Amended) Proclamation No. 591/2008
Banking business proclamation No.
592/2008
WHY a NEW Proclamation?
In 1994 there were only 3 banks all state-owned
but in 2008 there were 12 banks of which 8 were
private
loans amounted to only ETB 1.15bill in 1994 and
it reached ETB 26bill
6.3 Financial market regulation in
Ethiopia
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
WHY a NEW Proclamation?
Malpractices in the banking sector
Unavailability of credit information sharing
mechanism
Increased pottential for bank failure
6.3 Financial market regulation in
Ethiopia
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Ethiopian Financial Markets and Institutions Instructor: MEKONNEN M.
End of Chapter 6