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Book Cover
Author Nachega, Jean-Claude.

Title Financial liberalization, money demand, and inflation in Uganda / Jean-Claude Nachega
Published [Washington, D.C.] : International Monetary Fund, African Dept., [2001]
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Description 1 online resource (44 pages) : illustrations
Series IMF working paper ; WP/01/118
IMF working paper ; WP/01/118
Summary This paper uses cointegration analysis to investigate the empirical relationship among money, prices, income, and a vector of interest rates in Uganda from 1982 to 1998. Despite the substantial financial market liberalization that has taken place in the early 1990s, quarterly time-series data confirm that a stable relationship prevailed among real broad money, income, and domestic and foreign interest rates. The empirical results indicate income homogeneity, a strong own-rate-of-return effect, a high degree of international capital mobility and asset substitutability, and demonstrate that both domestic and foreign factors are important determinants of inflation in Uganda
Notes "September 2001"--Page [1]
Cover title
Bibliography Includes bibliographical references (pages 21-22)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Cointegration -- Uganda.
Demand for money -- Uganda.
Inflation (Finance) -- Uganda.
Interest rates -- Uganda.
Time-series analysis.
Form Electronic book
Author International Monetary Fund. African Department.
ISBN 1282046039
1451899513 (E-Book)