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| Title: | The analysis of money demand for Uganda (1986:1-2003:4) |
| Authors: | Nabiddo, Winnie |
| Authors (Email): | Nabiddo, Winnie (nabiddo@eprc.or.ug) |
| Keywords: | Money demand
Inflation rates
interest rates
Exchange rates
Nabiddo
Economic policy research center
Foreign currency |
| Issue Date: | 2007-02 |
| Series/Report no.: | Occasional Papers
32 |
| Abstract: | The paper presents an empirical analysis of money demand in Uganda over the period 1986:1-2003:4. Two definition of money were used and tests for co-integration between the monetary aggregates and real money balance were carried out. The empirical results show that income is positively related to money demand while exchange rate, inflation and interest rates have a negative impact on money demand and there is a degree of substitution from non-interest to interest bearing financial assets and holding of foreign currency. the money demand functions remained stables for the entire period, as confirmed by the chow tests. |
| URI: | http://purl.umn.edu/54936 |
| Institution/Association: | Economic Policy Research Centre (EPRC)>Occasional Papers |
| Total Pages: | 18 |
| Collections: | Occasional Papers
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Files in This Item:
| File |
Description |
Size | Format |
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| op32[1].pdf | Main paper | 253Kb | PDF | View/Open |
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