Crisis and dollarization in Ecuador :
Crisis and dollarization in Ecuador : stability, growth, and social equity /
- Washington, D.C. : World Bank, c2002.
- xii, 215p. :ill ; 23cm
- Directions in development .
Includes bibliographical references.
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.
082134837X (pbk.) 9780821348376
Dollarization
Monetary policy
Currency question
Dollar, American
Women
Social condition
Money -- Ecuador ; Currency question -- Ecuador ; Monetary policy -- Ecuador ; Dollar, American ; Banks and banking, Central
Ecuador
HG865 / .C74 2002
339.53'09866 / CRI
Includes bibliographical references.
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.
082134837X (pbk.) 9780821348376
Dollarization
Monetary policy
Currency question
Dollar, American
Women
Social condition
Money -- Ecuador ; Currency question -- Ecuador ; Monetary policy -- Ecuador ; Dollar, American ; Banks and banking, Central
Ecuador
HG865 / .C74 2002
339.53'09866 / CRI