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Crisis and dollarization in Ecuador : stability, growth, and social equity /

Contributor(s): Material type: TextTextSeries: Directions in developmentPublication details: Washington, D.C. : World Bank, c2002.Description: xii, 215p. :ill ; 23cmISBN:
  • 082134837X (pbk.)
  • 9780821348376
Subject(s): DDC classification:
  • 339.53'09866 CRI
LOC classification:
  • HG865 .C74 2002
Online resources: Summary: 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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Holdings
Item type Current library Collection Call number Copy number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 339.53'09866 CRI (Browse shelf(Opens below)) 1 Available 31008100085535
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 339.53'09866 CRI (Browse shelf(Opens below)) 2 Available 31008100085659

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.

aia 31/8/16

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