Crisis and Dollarization in Ecuador : Stability, Growth, and Social Equity
Early in 2000, Ecuador, confronted with a serious economic crisis, adopted the US dollar as its national currency, This book examines the conditions that led to this action, describing the repeated cycles of crisis and failed stabilization that fat...
| Main Authors: | , |
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2002/06/1964262/crisis-dollarization-ecuador-stability-growth-social-equity http://hdl.handle.net/10986/14256 |
| Summary: | Early in 2000, Ecuador, confronted with
a serious economic crisis, adopted the US dollar as its
national currency, This book examines the conditions that
led to this action, describing the repeated cycles of crisis
and failed stabilization that fatally undermined confidence
in the Ecuadorian sucre. The book then analyzes
dollarization's initial results and its effects on
inflation, growth, poverty, inequality, marginalization,
gender, and the Ecuadoran family. It also puts the Ecuadoran
experience with dollarization in an international perspective. |
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