Occasional Papers
The Analysis of Money Demand for Uganda (1986: 1-2003:4)
This paper presents an empirical analysis of money demand in Uganda between January 1986 and April 2003. Two definitions of money were used and tests for the co-integration between the monetary aggregates and real money balances were carried out. The empirical results show that income is positively related to money demand, while exchange rates, inflation and interest rates have a negative impact on money demand.
| Date: | 2013-02-22 |
| Author: | Ms. Winnie Nabiddo |
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- Published Feb 22, 2013