olawale.tofade@venturegardengroup.com
Financial Economics - FE
At the end of the lecture, students are expected to have a working knowledge and understand the following:
- The basic fundamentals and elements of financial economics.
- The roles and functions of major financial institutions and markets, with particular reference to Nigeria.
- The domestic and international regulatory environment in which financial institutions in the country
- The contemporary issues and developments in the Nigerian Financial System.
- The implications of the conduct of monetary policy for the banking and financial sector in particular and the economy in general.
- The major economic and other factors influencing the structure and determination of interest rates and exchange rates.
- Recent development in the domestic and global financial environments
This subject is linked to the following:
- Basic Economics
- Elements of Banking
- Corporate Financial Management
- International Trade and Finance
- Management of Financial Institutions
Overview of the Nigeria Financial System
It is generally recognized that the financial system plays a vital role in the process of economic growth and development.
The development of the financial system has followed closely that of its economic and political developments generally. Major financial developments were brought about in the late fifties and early sixties by the country’s attainment of independence in 1960 when also some conscious attempt was made to foster economic development.
Portfolio Management and Risk Sharing in Banks
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Portfolio provides information about the lending and savings operations of a Bank.
Financial Markets and Institutions
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The financial market is segmented into two, namely the money market which deals in short term funds and the capital market for longer-term dealings in loanable funds.
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Regulatory and Supervisory Institutions
REGULATORY AND SUPERVISORY INSTITUTIONS (CBN, SEC, NSE & NDIC)
Monetary and Fiscal Policies
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The barter system is based on the process whereby goods and services are exchanged directly for one another. This system of exchange operates in primitive societies where the use of money has not been discovered.
Interest Rates, Exchange Rates, and Inflation
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Interest is the return received by the owner of funds for their use. Interest payment expressed as a percentage of funds loaned is the “interest rate”. All interest rates in the markets for loanable funds are contractual rates.
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International Financial Institutions
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence are subjects of international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system.
Economic Community of West Africa States (ECOWAS) and West African Clearing House ( WACH)
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ECONOMIC AND MONETARY INTEGRATION
International Financial Markets and Transactions
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International Financial Markets: are those scattered around the countries of the developed economies where foreign finances can be raised for both domestic and foreign investments. They are:
The Foreign Equity market,
The Euro Bond market,
International Money Market and
The Euro Currency Market.
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Videos
Videos
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