Nabiddo, Winnie - Economic Policy Research Centre (EPRC) - 2007
The paper presents an empirical analysis of money demand in Uganda over the period 1986:1-2003:4. Two definition of … empirical results show that income is positively related to money demand while exchange rate, inflation and interest rates have … a negative impact on money demand and there is a degree of substitution from non-interest to interest bearing financial …