Capital account liberalisation
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Date
2002
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Willey
Abstract
Following full liberalisation of the capital account in 1997, Uganda realised increasing private capital flows. However, this has posed enormous challenges and risks. Macroeconomic management has been complicated because of the limited range and potency of available instruments. Moreover, not only are the financial institutions exposed to more risk and hence need stronger regulation and supervision, but the private sector also needs to develop instruments to hedge and manage the increasing risks in an open economy. This article argues that policy-makers should strengthen regulations, reporting requirements and data collection systems, and design market-friendly instruments to facilitate more appropriate management of a liberalised economy, while reducing volatility.
Description
Keywords
Capital Account, Liberalisation, Uganda
Citation
Kasekende, Louis A. "Capital account liberalisation: The Ugandan experience." Development Policy Review 19.1 (2001): 101-120.