De-monetisation, inflation and coffee: the demand for money in Uganda |
| |
Authors: | Henstridge NM |
| |
Institution: | International Monetary Fund |
| |
Abstract: | This paper investigates the recent macroeconomic history ofUganda using time series models for the demand for the threemain monetary aggregates. A collapse of income and high inflationled to de-monetisation. The flight from currency and demanddeposits was limited by their use for transactions, but demandfor time and savings deposits was largely a function of inflation.The role of the exchange rate and the price of coffee in determiningan asset demand for money was mixed. Re-monetisation since thelate 1980s has been slower than de-monetisation. |
| |
Keywords: | |
本文献已被 Oxford 等数据库收录! |
|