01732cas a2200241 a 4500 AALejournalIMF001695 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854084 1018-5941 BD-DhAAL BD-DhAAL Nachega, Jean-Claude. Financial Liberalization, Money Demand, and Inflation in Uganda / Jean-Claude Nachega. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (45 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/118 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/118/001.2001.issue-118-en.xml IMF e-Library