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This study examined the effects of mobile money-a recent innovation in Uganda’s financial-sector landscape-on aggregate economic activity and other macroeconomic variables. We first estimated the long-run mobile-money demand function using vector error correction (VEC) techniques,...
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This paper studies the evolution of the natural interest rate in five Southeast Asian countries and considers the effect of economic shocks on the natural interest rate in these countries. The natural interest rate is the interest rate that would prevail in an economy in equilibrium and in the...
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aroused widespread concerns in Asia and elsewhere regarding its possible impact in terms of the weakening of the US dollar and … to Emerging Asia of $9 billion per quarter was estimated for the first two quarters of the QE2 period, which was … financial markets, economic activity or inflation. We also investigate the impacts of QE policy on regional bond yields and …
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