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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Commercial Banking in East Africa, 1950-1963
Author:Engberg, H.L.
Year:1965
Periodical:Journal of Modern African Studies
Volume:3
Issue:2
Period:August
Pages:175-200
Language:English
Geographic term:East Africa
Subjects:commercial banks
Economics and Trade
External link:https://www.jstor.org/stable/158701
Abstract:Since many of the developing countries have inherited banks and banking - techniques from highly industrialised countries in Europe the questions has been asked whether these institutions are capable; of performing adequately the varied functions that the growth-conscious new nations now expect of them. The article analyses possible gaps in the financial organisation of less developed countries, add discusses banking performance with a view to a proper classification of the basic functions of the financial system, with reference to the commercial banks in East Africa during 1950-1965. The author successively discusses the foreign transactions, the domestic income, and the money supply, the banking structure, and the sources and uses of the banfunds. At the end some conclusions are drawn, which are particularly relevant for an inquiry into the future role of money and finance in the East African company. Some tables give illustration.
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