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De-monetisation, inflation and coffee: the demand for money in Uganda

Year: 1999

Type: article

Abstract: This paper investigates the recent macroeconomic history of Uganda using time series models for the demand for the three main monetary aggregates. A collapse of income and high inflation led to de-monetisation. The flight from currency and demand deposits was limited by their use for transactions, but demand for time and savings deposits was largely a function of inflation. The role of the exchange rate and the price of coffee in determining an asset demand for money was mixed. Re-monetisation since the late 1980s has been slower than de-monetisation.

Source: Journal of African Economies

DOI: 10.1093/jae/8.3.345

Author: N. Henstridge

Institution: International Monetary Fund

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2108153418

FWCI: 0.86

Cites:

Cited by: 21

Related to: 10