Determinants of Liquidation of Government Securities Held by Banks in Uganda

Kenneth Alpha Egesa; Bruno Max Ocaya; Leonard Kiboijana Atuhaire; Yeko Mwanga; Tom Nyanzi Makumbi; Xavier Mugisha

doi:doi:10.11648/j.ijefm.20150303.25

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Determinants of Liquidation of Government Securities Held by Banks in Uganda

Kenneth Alpha Egesa, Bruno Max Ocaya, Leonard Kiboijana Atuhaire, Yeko Mwanga, Tom Nyanzi Makumbi, Xavier Mugisha

Published in International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 3)

Received: 7 May 2015 Accepted: 17 May 2015 Published: 27 May 2015

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Abstract

This study analyzed the determinants of bank liquidation of government securities using panel logistic regression. The analysis showed that the liquidation of government securities by banks was motivated by reserve needs although some evidence of reluctance to borrow from the Central Bank was also noted. The main policy implications of the study include the need to minimize liquidity shortages in the interbank market and development of the secondary market as measures that can minimize liquidation of securities.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 3)
DOI	10.11648/j.ijefm.20150303.25
Page(s)	285-293
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Commercial Banks, Liquidation of Government Securities, Panel Logistic Regression

References

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[21]	C. Kao and D. H. Dutkowsky, "An application of nonlinear bounded influence estimation to aggregate bank borrowing from the Federal Reserve," Journal of the American Statistical Association, pp. 700-709, 1989.
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APA Style

Kenneth Alpha Egesa, Bruno Max Ocaya, Leonard Kiboijana Atuhaire, Yeko Mwanga, Tom Nyanzi Makumbi, et al. (2015). Determinants of Liquidation of Government Securities Held by Banks in Uganda. International Journal of Economics, Finance and Management Sciences, 3(3), 285-293. https://doi.org/10.11648/j.ijefm.20150303.25

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ACS Style

Kenneth Alpha Egesa; Bruno Max Ocaya; Leonard Kiboijana Atuhaire; Yeko Mwanga; Tom Nyanzi Makumbi, et al. Determinants of Liquidation of Government Securities Held by Banks in Uganda. Int. J. Econ. Finance Manag. Sci. 2015, 3(3), 285-293. doi: 10.11648/j.ijefm.20150303.25

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AMA Style

Kenneth Alpha Egesa, Bruno Max Ocaya, Leonard Kiboijana Atuhaire, Yeko Mwanga, Tom Nyanzi Makumbi, et al. Determinants of Liquidation of Government Securities Held by Banks in Uganda. Int J Econ Finance Manag Sci. 2015;3(3):285-293. doi: 10.11648/j.ijefm.20150303.25

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@article{10.11648/j.ijefm.20150303.25,
  author = {Kenneth Alpha Egesa and Bruno Max Ocaya and Leonard Kiboijana Atuhaire and Yeko Mwanga and Tom Nyanzi Makumbi and Xavier Mugisha},
  title = {Determinants of Liquidation of Government Securities Held by Banks in Uganda},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {3},
  number = {3},
  pages = {285-293},
  doi = {10.11648/j.ijefm.20150303.25},
  url = {https://doi.org/10.11648/j.ijefm.20150303.25},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20150303.25},
  abstract = {This study analyzed the determinants of bank liquidation of government securities using panel logistic regression. The analysis showed that the liquidation of government securities by banks was motivated by reserve needs although some evidence of reluctance to borrow from the Central Bank was also noted. The main policy implications of the study include the need to minimize liquidity shortages in the interbank market and development of the secondary market as measures that can minimize liquidation of securities.},
 year = {2015}
}

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TY  - JOUR
T1  - Determinants of Liquidation of Government Securities Held by Banks in Uganda
AU  - Kenneth Alpha Egesa
AU  - Bruno Max Ocaya
AU  - Leonard Kiboijana Atuhaire
AU  - Yeko Mwanga
AU  - Tom Nyanzi Makumbi
AU  - Xavier Mugisha
Y1  - 2015/05/27
PY  - 2015
N1  - https://doi.org/10.11648/j.ijefm.20150303.25
DO  - 10.11648/j.ijefm.20150303.25
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 285
EP  - 293
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20150303.25
AB  - This study analyzed the determinants of bank liquidation of government securities using panel logistic regression. The analysis showed that the liquidation of government securities by banks was motivated by reserve needs although some evidence of reluctance to borrow from the Central Bank was also noted. The main policy implications of the study include the need to minimize liquidity shortages in the interbank market and development of the secondary market as measures that can minimize liquidation of securities.
VL  - 3
IS  - 3
ER  -

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Author Information

Kenneth Alpha Egesa

Department of Statistics, Bank of Uganda, Kampala, Uganda
Bruno Max Ocaya

Department of Statistics and Actuarial Sciences, College of Business and Management Sciences, Makerere University, Kampala, Uganda
Leonard Kiboijana Atuhaire

Department of Statistics and Actuarial Sciences, College of Business and Management Sciences, Makerere University, Kampala, Uganda
Yeko Mwanga

Department of Statistics and Actuarial Sciences, College of Business and Management Sciences, Makerere University, Kampala, Uganda
Tom Nyanzi Makumbi

Department of Statistics and Actuarial Sciences, College of Business and Management Sciences, Makerere University, Kampala, Uganda
Xavier Mugisha

Department of Statistics and Actuarial Sciences, College of Business and Management Sciences, Makerere University, Kampala, Uganda

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APA Style

Kenneth Alpha Egesa, Bruno Max Ocaya, Leonard Kiboijana Atuhaire, Yeko Mwanga, Tom Nyanzi Makumbi, et al. (2015). Determinants of Liquidation of Government Securities Held by Banks in Uganda. International Journal of Economics, Finance and Management Sciences, 3(3), 285-293. https://doi.org/10.11648/j.ijefm.20150303.25

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ACS Style

Kenneth Alpha Egesa; Bruno Max Ocaya; Leonard Kiboijana Atuhaire; Yeko Mwanga; Tom Nyanzi Makumbi, et al. Determinants of Liquidation of Government Securities Held by Banks in Uganda. Int. J. Econ. Finance Manag. Sci. 2015, 3(3), 285-293. doi: 10.11648/j.ijefm.20150303.25

Copy | Download

AMA Style

Kenneth Alpha Egesa, Bruno Max Ocaya, Leonard Kiboijana Atuhaire, Yeko Mwanga, Tom Nyanzi Makumbi, et al. Determinants of Liquidation of Government Securities Held by Banks in Uganda. Int J Econ Finance Manag Sci. 2015;3(3):285-293. doi: 10.11648/j.ijefm.20150303.25

Copy | Download

@article{10.11648/j.ijefm.20150303.25,
  author = {Kenneth Alpha Egesa and Bruno Max Ocaya and Leonard Kiboijana Atuhaire and Yeko Mwanga and Tom Nyanzi Makumbi and Xavier Mugisha},
  title = {Determinants of Liquidation of Government Securities Held by Banks in Uganda},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {3},
  number = {3},
  pages = {285-293},
  doi = {10.11648/j.ijefm.20150303.25},
  url = {https://doi.org/10.11648/j.ijefm.20150303.25},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20150303.25},
  abstract = {This study analyzed the determinants of bank liquidation of government securities using panel logistic regression. The analysis showed that the liquidation of government securities by banks was motivated by reserve needs although some evidence of reluctance to borrow from the Central Bank was also noted. The main policy implications of the study include the need to minimize liquidity shortages in the interbank market and development of the secondary market as measures that can minimize liquidation of securities.},
 year = {2015}
}

Copy | Download

TY  - JOUR
T1  - Determinants of Liquidation of Government Securities Held by Banks in Uganda
AU  - Kenneth Alpha Egesa
AU  - Bruno Max Ocaya
AU  - Leonard Kiboijana Atuhaire
AU  - Yeko Mwanga
AU  - Tom Nyanzi Makumbi
AU  - Xavier Mugisha
Y1  - 2015/05/27
PY  - 2015
N1  - https://doi.org/10.11648/j.ijefm.20150303.25
DO  - 10.11648/j.ijefm.20150303.25
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 285
EP  - 293
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20150303.25
AB  - This study analyzed the determinants of bank liquidation of government securities using panel logistic regression. The analysis showed that the liquidation of government securities by banks was motivated by reserve needs although some evidence of reluctance to borrow from the Central Bank was also noted. The main policy implications of the study include the need to minimize liquidity shortages in the interbank market and development of the secondary market as measures that can minimize liquidation of securities.
VL  - 3
IS  - 3
ER  -

Copy | Download