Author/Editor: Gianni De Nicolo, Patrick Honohan, Alain Ize.

Release Date:July, 2003

This paper assesses the benefits and risks associated with dollarization of the banking system. We provide novel empirical evidence on the determinants of dollarization, its role in promoting more...

Author/Editor: Patrick Honohan, Stephen A O'Connell.

Release Date:May, 1997

In post-independence sub-Saharan Africa, institutional arrangements for monetary policy have taken a variety of forms, although the historical evolution of many African financial systems has been more...