Central Bank has facilitated the development of these markets by providing a conducive atmosphere for setting up financial institutions which avail long finance on long term basis such as building societies and Mortgauge houses.
Longterm finances available in the capital markets are relatively cheaper.
There is less misuse of funds from capital markets as they are available in form of fixed assets
Easy access as goodwill of the borrower may not be neccessary and securities may not be needed.
why are kenyan market not well developed
value
Like all countries, Kenya uses a variety of paper money and metal coins. A sample of kenyan paper money can be found on http://atsnotes.com/catalog/kenya/kenya.html
money trees
The currency of Kenya is the Kenyan shilling(code: KES).
why are kenyan market not well developed
1. Poverty levels are high in Kenya 2. Ignorance among the citizens 3. The central bank favours capital markets rather than money markets. 4. The costs of borrowing are high hence few people borrow 5. There are superstitons about the money markets among the people. Eg many believe that loans are evil
value
no
role of capital and money markets in the economic development of Pakistan
Capital markets
Capital MarketsCapital Markets
There are three major players in money and capital markets. They are financial institutions like banks, big and small businesses, and consumers.
one is smart and the other is just plain stupid
A market for the exchange of capital and credit, including the money market and the capital market.
Money market and Capital Markets are the two ways that security market provide liquidity.
Because the risks are less in money market. Because, there is less possibility of default of the credit of less than one year maturity. Likewise, the risk of interest rate is also low in the money market. On the other hand, the credit of the capital market is of long term nature. Due to this risks are more and are of varied nature in capital market.