Artikel
Financial development and dollarization in Ghana: an empirical investigation
This study strengthens the frontiers of research on the drivers of dollarization in emerging economies by exploring the case of Ghana using the autoregressive distributed lag modelling framework. The data for the study spanned from January 2002 to March 2016. The evidence suggests that dollarization shares a common stochastic trend with exchange rates, inflation, interest rate differential, real output, and financial development. The analysis points to the important roles of exchange rate depreciation and financial development in the evolution of dollarization. Whereas depreciation induces a switch to the use of foreign currency, financial development diminishes the trend. Some policy recommendations to curtail the rising dollarization of the Ghanaian economy have been provided.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Cogent Economics & Finance ; ISSN: 2332-2039 ; Volume: 7 ; Year: 2019 ; Issue: 1 ; Pages: 1-21
- Classification
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Wirtschaft
Demand for Money
International Investment; Long-term Capital Movements
Macroeconomic Aspects of International Trade and Finance: General
Open Economy Macroeconomics
- Subject
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dollarization
demand for money
autoregressive distributed lag model
cointegration
Ghana
- Event
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Geistige Schöpfung
- (who)
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Tweneboah, George
Gatsi, John Garchie
Asamoah, Michael Effah
- Event
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Veröffentlichung
- (who)
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Taylor & Francis
- (where)
-
Abingdon
- (when)
-
2019
- DOI
-
doi:10.1080/23322039.2019.1663699
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Tweneboah, George
- Gatsi, John Garchie
- Asamoah, Michael Effah
- Taylor & Francis
Time of origin
- 2019
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