Financial Liberalization, Money Demand, and Inflation in Uganda:
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 confir...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2001
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Schriftenreihe: | IMF Working Papers
Working Paper No. 01/118 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (45 p) |
ISBN: | 1451854080 9781451854084 |
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spelling | Nachega, Jean-Claude Verfasser aut Financial Liberalization, Money Demand, and Inflation in Uganda Nachega, Jean-Claude Washington, D.C International Monetary Fund 2001 1 Online-Ressource (45 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 01/118 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 Online-Ausg http://elibrary.imf.org/view/IMF001/02373-9781451854084/02373-9781451854084/02373-9781451854084.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Nachega, Jean-Claude Financial Liberalization, Money Demand, and Inflation in Uganda |
title | Financial Liberalization, Money Demand, and Inflation in Uganda |
title_auth | Financial Liberalization, Money Demand, and Inflation in Uganda |
title_exact_search | Financial Liberalization, Money Demand, and Inflation in Uganda |
title_exact_search_txtP | Financial Liberalization, Money Demand, and Inflation in Uganda |
title_full | Financial Liberalization, Money Demand, and Inflation in Uganda Nachega, Jean-Claude |
title_fullStr | Financial Liberalization, Money Demand, and Inflation in Uganda Nachega, Jean-Claude |
title_full_unstemmed | Financial Liberalization, Money Demand, and Inflation in Uganda Nachega, Jean-Claude |
title_short | Financial Liberalization, Money Demand, and Inflation in Uganda |
title_sort | financial liberalization money demand and inflation in uganda |
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