Financial sector reforms in Uganda (1990 - 2000): interest rate spreads, market structure, bank performance and monetary policy
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
Göteborg
Nationalekonomiska Inst.
2002
|
| Schriftenreihe: | Ekonomiska studier
110 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIII, 201 S. graph. Darst. |
| ISBN: | 9188514706 |
Internformat
MARC
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| 100 | 1 | |a Nannyonjo, Justine |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Financial sector reforms in Uganda (1990 - 2000) |b interest rate spreads, market structure, bank performance and monetary policy |c Justine Nannyonjo |
| 264 | 1 | |a Göteborg |b Nationalekonomiska Inst. |c 2002 | |
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| 490 | 1 | |a Ekonomiska studier |v 110 | |
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| 650 | 7 | |a Ekonomiska förhållanden - Uganda - 1990-2000 |2 sao | |
| 650 | 4 | |a Financial institutions - Uganda | |
| 650 | 4 | |a Monetary policy - Uganda | |
| 650 | 7 | |a Penningväsen - Uganda - 1990-2000 |2 sao | |
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Datensatz im Suchindex
| _version_ | 1804129095398719488 |
|---|---|
| adam_text | CONTENTS
List of Figures vi
List of Tables vii
Preface ix
Acknowledgements xii
Chapter 1 Financial Sector Reforms in Uganda (1990 2000): An overview 1
1.0 Introduction 2
1.1 Theoretical Rationale for Financial Sector Reforms 3
1.2 Uganda s Financial Sector Reform Process (1990 2000) 8
1.2.1 The Exchange Rate System 10
1.2.2 Regulatory and Legal Reforms 12
1.2.3 The Inter bank and Capital Markets 14
1.2.4 Interest Rates 14
1.2.5 Institutional Reforms 14
1.3 Experience with Financial Sector Reforms 15
1.4 Summary and Conclusions 20
Appendices
Al.l Selected Economic and Financial Indicators for Uganda (1985 1992) 22
Al .2 Financial Sector Reforms in Uganda: Major Developments (1990 2000) 23
A1.3 Selected Economic and Financial Indicators for Uganda (1993 2000) 27
Chapter 2 On the Determinants of Commercial Bank Interest Rate Spreads
Under Uncertainty: Evidence from Uganda 28
2.0 Introduction 29
2.1 Literature Survey 33
2.1.1 Risk and Risk Aversion 33
2.1.2 Operating Costs, Implicit and Explicit Taxes 36
2.1.3 Market Structure 37
2.1.5 Regulation and Legal Framework 37
2.1.6 Macroeconomic Environment 40
2.1.7 Inter bank Market Rate 41
2.1.8 Empirical Evidence 41
2.2 Descriptive Analysis 46
2.2.1 Market Structure and Composition of the Financial Industry 46
2.2.2 Balance Sheets 48
2.2.3 Performance of Banks 53
2.3 Econometric Analysis 64
2.3.1 The Theoretical Model 64
2.3.2 Empirical Specification 67
2.3.3 The Data 70
2.3.4 Empirical Variables 71
2.4 Empirical Results 74
2.4.1 Inter Group Bank Comparisons 78
2.5 A Discussion of the Empirical Findings and Policy Recommendations 87
2.5.1 A Discussion of the Empirical Findings 87
2.5.2 Policy Recommendations 90
2.6 Summary and Conclusions 94
Appendices
A2.1 Key Structure and Performance Indicators 96
A2.2 Balance Sheets: Uganda Commercial Banks, 1994 1998 101
A2.3 Performance Indicators by Bank Group, 1994 1998 102
A2.4 Operating Costs by Type of Expenditure, 1994 1998 103
Chapter 3 The Relationship between Market Structure and Profitability in
Ugandan Commercial Banking: Market Power versus Efficiency 104
3.0 Introduction 105
3.1 Background 107
3.2 Literature Survey 110
3.2.1 Empirical Evidence 113
3.3 Estimation Methods and Data 118
3.3.1 The Theoretical Model and Tests of the Two Hypotheses 118
3.3.2 Estimation of Efficiency Measures 121
3.3.3 The Data 126
3.4 Descriptive Analysis 128
3.4.1 Return on Assets 128
3.4.2 Technical Progress, X Efficiency and Scale Efficiency 129
3.4.3 Market Concentration 130
3.5 Econometric Analysis 132
3.6 Summary and Conclusions 139
Appendices
A3.1 The Link between Concentration and Industry Profitability 141
A3.2 Period Averages of Performance Indicators by Bank (1993 99) 142
A3.3 Period Averages of Variables used in the Translog Frontier
Production Function, y Bank (1993 99) 143
A3.4 Maximum Likelihood Estimates for Parameters of the Translog 144
Stochastic Frontier Production Function
Chapter 4 Monetary Policy and Credit Market Imperfections: Evidence from
Uganda (1994 2000) 145
4.0 Introduction 146
4.1 Background 149
4.1.1 Instruments of Monetary Policy 153
4.1.2 Commercial Bank Activities 156
4.2 Literature Survey 159
4.2.1 Critique of the Credit View 161
4.2.2 Evidence on the Credit Channel 163
4.3 Estimation Methods and Data 167
4.3.1 Estimation methods 167
4.3.2 The Data 171
4.4 Descriptive Analysis 172
4.4.1 Identifying Credit Effects 172
4.5 Econometric Analysis 175
4.5.1 Selection of a Monetary Policy Indicator 175
4.5.2 Identifying Credit Effects using Loans 178
4.5.3 Identifying Credit Effects using the Lending Rate 181
4.6 Summary and Conclusions 188
Appendices
A4.1 Covariance Correlation Matrix Base Money, CPI, Loans and UP 191
A4.2 Covariance Correlation Matrix Base Money, CPI, Lending Rate and IIP 191
REFERENCES 192
List of Figures
1.1 Spreads Between Lending and Deposit Rates (1994 1998). 17
1.2 Assets Quality of Ugandan Commercial Banks (1993 1999). 18
1.3 Profitability of Ugandan Commercial Banks (1994 1998). 19
1.4 Reserves of Ugandan Commercial Banks (1993 2000). 20
2.1 Interest Rates on Uganda 91 Day Treasury Bills, 1993 1998. 35
2.2 Market Share of Assets, 1994 1998 (%). 47
2.3 Portfolio Shifts Loans and Advances, 1994 1998 (% of total assets). 49
2.4 Portfolio Shifts Foreign Assets, 1994 1998 (% of total assets). 49
2.5 Portfolio Shifts Government Securities, 1994 1998 (% of total assets). 50
2.6 Share of Fixed Assets, 1994 1998 (% of total assets). 51
2.7 Time and Savings Deposits, 1994 1998 (% of total deposits). 52
2.8 Interest Rate Spreads, 1994 1998 (%). 54
2.9 Net Interest Margins, 1994 1998. 56
2.10 Operating Costs, 1994 1998 (% of earning assets). 57
2.11 Non Performing Loans, 1994 1998 (% of total loans). 59
2.12 Liquid Assets, 1994 1998 (% of total deposits). 60
2.13 Core Capital, 1994 1998 (% risk weighted assets). 62
3.1 The Efficient Structure Hypothesis. 112
3.2 Mean Return on Assets (1993 99). 129
3.3 Mean X Efficiency of Production (1993 99). 130
3.4 Three Bank Asset Concentration (1993 99). 131
3.5 The Herfindhal Index of Market Concentration (1993 99). 131
4.1 Response of the Lending Rate to the 91 day Treasury Bill Rate. 173
4.2 Response of Loans to the 91 day Treasury Bill Rate. 174
4.3 Response of Loans to the Lending Rate. 174
4.4 Response of Loans and Production to Base Money. 184
4.5 Response of the Lending Rate and Production to Base Money. 185
4.6 Response of Securities and Loans to Base Money. 188
List of Tables
2.1 Interest Rate Spreads, 1994 1998 (%). 53
2.2 Profitability, 1994 1998. 55
2.3 Operating Costs 1994 1998 (% of earning assets). 57
2.4 Asset Quality, 1994 1998. 58
2.5 Liquid Assets, 1994 1998 (% of deposits). 60
2.6 Core Capital, 1994 1998 (% of risk weighted assets). 61
2.7 The Repricing Gap, 1994 1998 (% of net assets). 62
2.8 List of Variables used in the Empirical Specification. 74
2.9 Empirical Results for the Full Sample Data. 75
2.10 Tests of Structural Differences Between Bank Groups. 78
2.11 Empirical Results of Group I Data. 84
2.12 Empirical Results of Group II Data. 85
2.13 Empirical Results of Group III Data. 86
3.1 Structure and Composition of the Financial Industry. 108
3.2 Descriptive Statistics. 128
3.3 Regression Results of RoA on Market Concentration, Market Share and
Control Variables. 133
3.4 Regression Results of MS/MCA on X EFF, S EFF and Control Variables. 138
4.1 The Central Bank Balance Sheet 149
4.2 Participation of Different Agents in the Treasury Bill Market
(1992 2000). 154
4.3 Monetary Policy and Performance Indicators (1993 2000). 155
4.4 Commercial Bank Activities (1993 2000). 157
4.5 Descriptive Statistics. 172
4.6 Selection of a Monetary Policy Indicator. 178
4.7 Identifying Credit Effects using Loans. 180
4.8 Identifying Credit Effects using the Lending Rate. 182
4.9 Joint Significance Tests in a VAR including Base Money, Securities,
Loans and CPI. 187
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| geographic | Uganda (DE-588)4061457-8 gnd |
| geographic_facet | Uganda |
| id | DE-604.BV014211516 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:59:41Z |
| institution | BVB |
| isbn | 9188514706 |
| language | English |
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| spelling | Nannyonjo, Justine Verfasser aut Financial sector reforms in Uganda (1990 - 2000) interest rate spreads, market structure, bank performance and monetary policy Justine Nannyonjo Göteborg Nationalekonomiska Inst. 2002 XIII, 201 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Ekonomiska studier 110 Zugl.: Göteborg, Univ., Diss., 2002 Geschichte 1990-2000 gnd rswk-swf Ekonomiska förhållanden - Uganda - 1990-2000 sao Financial institutions - Uganda Monetary policy - Uganda Penningväsen - Uganda - 1990-2000 sao Reform (DE-588)4115716-3 gnd rswk-swf Kreditwesen (DE-588)4032950-1 gnd rswk-swf Uganda (DE-588)4061457-8 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Uganda (DE-588)4061457-8 g Kreditwesen (DE-588)4032950-1 s Reform (DE-588)4115716-3 s Geschichte 1990-2000 z DE-188 Ekonomiska studier 110 (DE-604)BV000011510 110 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009743607&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Nannyonjo, Justine Financial sector reforms in Uganda (1990 - 2000) interest rate spreads, market structure, bank performance and monetary policy Ekonomiska studier Ekonomiska förhållanden - Uganda - 1990-2000 sao Financial institutions - Uganda Monetary policy - Uganda Penningväsen - Uganda - 1990-2000 sao Reform (DE-588)4115716-3 gnd Kreditwesen (DE-588)4032950-1 gnd |
| subject_GND | (DE-588)4115716-3 (DE-588)4032950-1 (DE-588)4061457-8 (DE-588)4113937-9 |
| title | Financial sector reforms in Uganda (1990 - 2000) interest rate spreads, market structure, bank performance and monetary policy |
| title_auth | Financial sector reforms in Uganda (1990 - 2000) interest rate spreads, market structure, bank performance and monetary policy |
| title_exact_search | Financial sector reforms in Uganda (1990 - 2000) interest rate spreads, market structure, bank performance and monetary policy |
| title_full | Financial sector reforms in Uganda (1990 - 2000) interest rate spreads, market structure, bank performance and monetary policy Justine Nannyonjo |
| title_fullStr | Financial sector reforms in Uganda (1990 - 2000) interest rate spreads, market structure, bank performance and monetary policy Justine Nannyonjo |
| title_full_unstemmed | Financial sector reforms in Uganda (1990 - 2000) interest rate spreads, market structure, bank performance and monetary policy Justine Nannyonjo |
| title_short | Financial sector reforms in Uganda (1990 - 2000) |
| title_sort | financial sector reforms in uganda 1990 2000 interest rate spreads market structure bank performance and monetary policy |
| title_sub | interest rate spreads, market structure, bank performance and monetary policy |
| topic | Ekonomiska förhållanden - Uganda - 1990-2000 sao Financial institutions - Uganda Monetary policy - Uganda Penningväsen - Uganda - 1990-2000 sao Reform (DE-588)4115716-3 gnd Kreditwesen (DE-588)4032950-1 gnd |
| topic_facet | Ekonomiska förhållanden - Uganda - 1990-2000 Financial institutions - Uganda Monetary policy - Uganda Penningväsen - Uganda - 1990-2000 Reform Kreditwesen Uganda Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009743607&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV000011510 |
| work_keys_str_mv | AT nannyonjojustine financialsectorreformsinuganda19902000interestratespreadsmarketstructurebankperformanceandmonetarypolicy |