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Africa > Uganda

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Foreign Exchange x
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Cover IMF Working Papers
How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence
Ms. Prachi Mishra
and
Mr. Peter J Montiel
This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such countries. We distinguish between the "facts on the ground" and "methodological deficiencies" interpretations of the absence of evidence for strong monetary transmission. We suspect that "facts on the ground" are an important part of the story. If this conjecture is correct, the stabilization challenge in developing countries is acute indeed, and identifying the means of enhancing the effectiveness of monetary policy in such countries is an important challenge.
Keywords:
WP; price level; aggregate demand; bond market; central bank; monetary aggregate; monetary policy; exchange rate; interest rate; banks; institutions; developing countries; bank lending channel; regime indicator; nominal exchange rate; lending rate; Bank credit; Securities markets; Stock markets; Exchange rate arrangements; Exchange rates; Sub-Saharan Africa; Central and Eastern Europe; Central Asia; Middle East; North Africa
Cover IMF Staff Country Reports
Uganda: Selected Issues
International Monetary Fund
This Selected Issues paper on Uganda discusses the progress toward harmonization of capital account regulations and capital market integration. A unified East African Community financial market would offer several benefits to the regional economy. It would expand the opportunities for savings and investment financing, encourage more competition among banks and financial institutions, and lower transaction costs through economies of scale. Greater diversification, risk management, and consumption smoothing would also be possible in a broader financial market, while monetary union would eliminate exchange rate risk within the region.
Keywords:
ISCR; CR; market; Kenya; Uganda; Tanzania; financial market; exchange rate; market capitalization; short term; foreign exchange; capital account; monetary policy; EAC country; long-term debt; EAC member; EAC market; Capital markets; Capital account; Stock markets; Capital account liberalization; Global