The role of the Discount House in the development of a mo...
Munyangaju, Aurore Mimosa
A discount house is a financial institution with the aim of trading of financial instrument on the secondary market. It assists in creation of other money market instruments other than T-bills, like CP, NCD, etc. Discount houses motivate the secondary market of financial instruments that enables borrowers to raise liquidity. The general objective of this study was the analysis of the role of the discount house in the development of a money mar...