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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Crisis and Dollarization in Ecuador: Stability, Growth, and Social Equity

Crisis and Dollarization in Ecuador: Stability, Growth, and Social Equity

Beckerman, Paul
Solimano, Andres
Christiaensen, Luc J.

Paperback

Series: Directions in Development

EconomicsGeneral Political Science

ISBN10: 082134837X
ISBN13: 9780821348376
Publisher: World Bank Publications
Published: Jul 1 2002
Pages: 228
Weight: 0.84
Height: 0.56 Width: 6.40 Depth: 8.96
Language: English
Early in 2000, Ecuador, confronted with a serious economic and governance crises, adopted the U.S. dollar as its national currency. The economic situation was dire with high inflation, government intervention in the banking system including freezing of deposits to prevent further flight from the country, and large fiscal deficits. Politically, then President Mahaud was being challenged by a congressional lack of support for measures to stabilize the economic situation, a radicalized indigenous movement, and a restive armed forces. In this environment, and as a policy of last resort, the government decided to adopt the U.S. dollar as its currency. This book thoroughly examines the conditions in which this decision was made. It looks historically at Ecuador's economic and social structure and assesses the impact felt as a result of the decision.

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