This implies that both views were recognized, although the theory claiming the efficiency and rationality of the financial markets and that there was no bubble, and the analysis that there was a bubble in asset prices due to irrational and inefficient behaviors based on the behavioral economics of human beings, conflict with each other.20 This can be seen as reflecting the truth that, after all, the markets operate based on a mixture of rational calculation and irrational emotional behavior.
I am also particularly delighted to welcome the Governors from the central banks of the partner states of the East African Community. As you are aware, one of the roles assigned to the Bank of Uganda is to issue currency notes and coins. Over the past 20 years, the Bank has stepped up efforts on four fronts.