The purpose of this study is to assess the economic performance of African countries according to their exchange rate regimes. The methodology is based on the estimation of an empirical growth model that controls for labor productivity, investment share, initial income per capita, and changes in...

This paper reviews the dollarization and currency substitution literature with special regard to its implications for Ghana. It assesses the significance of dollarization in Ghana relative to the experience of other countries and with regard to evidence of increased use of foreign currency in...