(AERC, 2025) Okot, Nicholas; Shinyekwa, Isaac; Luwedde, Justine; Bulime, Enock W. N.
The policy brief summarizes findings from a study titled, “The Monetary Economics of E-money and Policy Implications: Evidence from Uganda.’’ The study examines the monetary economics of e-money and its policy implications for over the period 2009Q1-2022Q4. The research approach involves theoretical and empirical literature reviews. Quantitatively estimated and tested the stability of the money demand function using the Autoregressive Distributed Lag (ARDL) model and the monetary transmission through Vector Autoregressive (VAR) model. The qualitative aspect is based on the key informant interviews.