Bullion
Keywords
Discount Houses, Monetary policy, Implementation.
Abstract
Discount houses are financial institutions which shift funds between the central bank on one hand and licensed banks on the other hand, through the provision of discounting and re-discounting of eligible short-term securities such as treasury bills and certificates and commercial bills. The purpose of this paper therefore is to highlight the role of discount houses in monetary policy implementation. Part I discusses the assets structure a d functions of discount houses. Part II discusses the role of discount houses in monetary policy implementation. Part II highlights the relationship between a central bank and discount houses while Part IV focuses on the prospects of growth of discount houses in Nigeria.
Publication Title
CBN Bullion
Issue
2
Volume
16
Recommended Citation
Oke, B. A.
(1992)
"The role of discount houses in monetary policy implementation.,"
Bullion: Vol. 16:
No.
2, Article 3.
Available at:
https://dc.cbn.gov.ng/bullion/vol16/iss2/3