The course is designed to teach students the dichotomy between
specialized banking (i.e. where commercial banks are different from merchant
banks) and universal banking (i.e. where banks carry out commercial and
merchant banking operations under the same roof). The course will also expose
students to the concepts of armchair banking and dynamic banking, distinction
between unit banking and branching banking, structure of liabilities -determinants
of proportion between time deposits and demand deposits, structure and
functions of central bank, central bank and development finance, central bank
and commercial banking, development banks and re-finance institutions,
techniques of control of rural credit: orthodox and unorthodox comparative
discount mechanism, theories of banking: the liquidity principle, the matching
principle, short-term lending. medium-long- term lending: and the banking
systems in the advanced countries
- Lecturer: stephen ughulu