The Correlates of Financial Dollarization in Ghana

This study aimed to investigate the correlation between dollarization of Ghana's finances. The objects this are real output, interest rate differentials, exchange rates, inflation, and financial developments. research subjects based on quarterly data from World Development Index (WDI) Bank Ghana (BOG) for years 1999-2022. method uses Autoregressive Distributed Lag (ARDL) approach cointegration. finds that driving factors in While finances is constrained by such as growth, differential rates actual output increases demand foreign currency Ghana. implies much expected monetary policy authorities, there a need proper coordination fiscal policies curb issue finance Ghana.
 Keywords: Financial Dollarization; Foreign Currency; ARDL; Ghana; Exchange Rate
 
 Abstrak
 Tujuan dari penelitian ini adalah untuk menyelidiki korelasi dolarisasi keuangan Objek yakni riil, perbedaan suku bunga, nilai tukar inflasi, dan perkembangan keuangan. Subjek didasarkan pada triwulanan tahun Metode menggunakan pendekatan kointegrasi. Studi menemukan bahwa faktor pendorong di Sementara dibatasi oleh faktor-faktor seperti tukar, pertumbuhan keuangan, bunga aktual meningkatkan permintaan mata uang asing Implikasi banyak yang diharapkan otoritas kebijakan moneter, ada kebutuhan koordinasi tepat fiskal moneter mengekang isu Kata Kunci: Dolarisasi Keuangan; Mata Uang Asing; Nilai Tukar