Table of contents for Capital market policies in Kenya : historical trends and challenges / Muyundo M. Masinde and Thomas N. Kibua.

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Acknowledgements         ....................................................vi
Summary        .............................................................vii
1. Introduction ..............................................................1
     1.1 Background      .....................................................1
     1.2 Macroeconomic Environment      ............................... ......4
     1.3 The Policy Problem    ...............................................5
     1.4 Objectives of the Study  ............................................6
2. Conceptual Framework        ...............................................6
     2.1 Structure, Conduct and Performance Model ............................6
     2.2 Linkage between Stock Market Development and Economic Growth.........8
     2.3 Structure and Conduct of the Stock Market in Kenya  ............... 10
     2.4 Data Base      .....................................................12
3. The Performance of the Nairobi Stock Exchange   ..........................13
     3.1 Stock Market Variables   ...........................................13
     3.2 The Bond Market      ...............................................19
     3.3 Constraints Facing the Stock Exchange ..............................20
4. Kenya's Stock Market Policy Framework since Independence .................23
     4.1 Fiscal and Monetary Policies  ..................................... 23
     4.2 Financial Sector/Banking Sector Policies  ..........................28
     4.3 Regulatory Policies   ..............................................29
     4.4 Regional Integration Policies ......................................32
5. Critique of Policies and Challenges   ....................................33
     5.1 Critique of Policies  ..............................................33
     5.2 Policy  Challenges .................................................36
6. Conclusion     ...........................................................38
References      .............................................................40
Appendices       ............................................................43