THE DRIVERS OF PRIVATE SECTOR DEMAND FOR CREDIT IN UGANDA FOR THE PERIOD 1980-2015
This research report studied the determinants of loan demand by the private sector in the Uganda. Employing a time series analysis using the Johansen methodology, the study identified one cointegrating relationship linking private sector demand for credit to GDP, lending rate, Broad money, Bank credit to government and risk premium of lending to the private sector hence the existence of a long run relationship between them. The long run model indicated private sector demand for credit is posi...
THE DETERMINANTS AND STABILITY OF MONEY DEMAND IN THE REPUBLIC OF UGANDA
The ability to model a stable relationship between money and prices is fundamentally considered a necessary requirement for a monetary targeting framework. Having a stable money demand function helps to ensure that the desired impact of monetary policy is predictable. The study undertaken sought to explain the determinants of money demand in Uganda employing cointegration analysis to establish the existence of a long-run relationship between Money, income, a vector of interest rates, inflatio...