This study contributes to the dollarization literature by expanding its determinants to account for different … dollarization amplifiers, while the explanatory power of the economic component is weak er on dollarization. Second, consistent with … the theoretical underpinnings, macroeconomic instabilities (such as inflation and exchange rate volatilities) have the …

This study contributes to the dollarization literature by expanding its determinants to account for different … dollarization amplifiers, while the explanatory power of the economic component is weaker on dollarization. Second, consistent with … the theoretical underpinnings, macroeconomic instabilities (such as inflation and exchange rate volatilities) have the …

-products of globalization: dollarization and tourism. Empirical studies have ignored the possible relationship between … dollarization and tourism. However, we hypothesize that a booming tourism industry will fuel increase in the usage and circulation … dollarization process of selected Sub-sahara African (SSA) countries. Using Tobit regression, we found that tourism positively …

level of dollarization in the economy. The three sources of foreign currency earnings are financial integration, trade … openness and natural resource rent. As such, we extend the determinants of dollarization to capture these variables. A dataset … to the increasing rate of dollarization. Specifically, it was found that trade openness and financial liberalization are …