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Information asymmetry and financial dollarization in sub-Saharan Africa
Journal article, Created By Asongu, Simplice; Raheem, Ibrahim; Tchamyou, Venessa and Published By Emerald Publishing Limited in English language
Financial dollarisation in sub-Saharan Africa (SSA) is most persistent compared to other regions of the world. The purpose of this paper is to complement the existing scant literature on dollarisation in Africa by assessing the role of information sharing offices (public credit registries and private credit bureaus) on financial dollarisation in 25 SSA countries for the period 2001-2012. The empirical evidence is based on ordinary least squares and generalised method of moments (GMM). The findings show that information sharing offices (which are designed to reduce&#x...