Publication
Title
Information asymmetry and financial dollarisation in Sub-Saharan Africa
Author
Abstract
Purpose 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. Design/methodology/approach The empirical evidence is based on ordinary least squares and generalised method of moments (GMM). Findings The findings show that information sharing offices (which are designed to reduce information asymmetry) in the banking industry are a deterrent to dollarisation. The underpinning assumption that financial development reduces financial dollarisation is confirmed. Originality/value There is scant literature on the relevance of information sharing offices in development outcomes in Africa. While the establishment of these offices in most countries in the continent began in 2004, scholarship on the importance of these offices in financial development is sparse.
Language
English
Source (journal)
African journal of economic and management studies
Publication
2018
ISSN
2040-0705
2040-0713
Volume/pages
9 :2 (2018) , p. 231-249
ISI
000432924700007
Full text (Publisher's DOI)
Full text (open access)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
VABB-SHW
Web of Science
Record
Identification
Creation 05.04.2018
Last edited 21.08.2021
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