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...

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Main Authors:	Beckerman, Paul, Solimano, Andres
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2013
Subjects:	ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING SYSTEMS BALANCE OF PAYMENTS BALANCE SHEETS BANK DEPOSITS BANK LOANS BANKING SYSTEM CENTRAL BANK COMPETITIVENESS CONSUMER PRICE INDEX CURRENCY CURRENCY BOARDS CURRENCY DEPRECIATION DEBT DEFLATION DEMAND FOR MONEY DEPOSIT INSURANCE DOLLAR TERMS DOMESTIC INFLATION DOMESTIC PRICE DOMESTIC PRICE LEVEL DOMESTIC PRICES ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC DEPRESSION ECONOMIC DEVELOPMENT ECONOMIC EFFECTS ECONOMIC HISTORY ECONOMIC STRUCTURE EMERGING ECONOMIES EQUILIBRIUM EXCHANGE RATE EXPORTS EXTERNAL DEBT EXTERNAL SHOCKS EXTREME POVERTY FEDERAL RESERVE SYSTEM FINANCIAL CRISIS FINANCIAL MARKETS FISCAL BUDGET FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FIXED EXCHANGE RATE FOREIGN BORROWING FOREIGN INVESTMENT GDP GOLD STANDARD GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME INFLATION INSURANCE INTEREST RATES INTERNATIONAL MONETARY FUND INTERNATIONAL RESERVES INTERNATIONAL TRADE LABOR FORCE LABOR MARKETS LAWS LEGAL TENDER LEGISLATION LENDER OF LAST RESORT LIQUIDITY LIVING STANDARDS MACROECONOMIC BALANCE MACROECONOMIC PERFORMANCE MEDIUM OF EXCHANGE MONETARY COUNTERPART MONETARY INTEGRATION MONETARY REGIME MONETARY STABILITY MONETARY SYSTEM MONEY SUPPLY NATURAL RESOURCE BASE NET IMPORTS NET WORTH OIL OIL PRICES OPEC ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES OUTPUT POLITICAL ECONOMY POLITICAL INSTABILITY PRICE STABILITY PRIVATE CONSUMPTION PURCHASING POWER QUOTAS REAL EXCHANGE RATE REAL GDP REAL GROWTH REAL INTEREST RATES REAL WAGE REAL WAGES SEIGNIORAGE SOCIAL SECURITY STABILIZATION SUBSIDIARY TAX COLLECTION UNEMPLOYMENT VALUE ADDED VOLATILITY VULNERABILITY WAGES WHOLESALE PRICE INDEX ECONOMIC CRISIS DOLLARS SOCIAL IMPACT CURRENCY CONVERTIBILITY CURRENCY FLUCTUATION CURRENCY REALIGNMENTS CURRENCY SELECTION SOCIAL PROTECTION SYSTEMS VULNERABLE GROUPS TARGETED ASSISTANCE GENDER MACROECONOMIC STABILITY EXCHANGE RATES PUBLIC EXPENDITURES GENDER POLICY GENDER-EARNINGS GAP GENDER & EDUCATION GENDER ANALYSIS LABOR MARKET CHARACTERISTICS MARKET SEGMENTATION GENDER GAP MALNUTRITION EDUCATIONAL ACHIEVEMENT
Online Access:	http://documents.worldbank.org/curated/en/2002/06/1964262/crisis-dollarization-ecuador-stability-growth-social-equity http://hdl.handle.net/10986/14256

id	okr-10986-14256
recordtype	oai_dc
spelling	okr-10986-142562021-04-23T14:03:11Z Crisis and Dollarization in Ecuador : Stability, Growth, and Social Equity Beckerman, Paul Solimano, Andres Beckerman, Paul Solimano, Andres ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING SYSTEMS BALANCE OF PAYMENTS BALANCE SHEETS BANK DEPOSITS BANK LOANS BANKING SYSTEM CENTRAL BANK COMPETITIVENESS CONSUMER PRICE INDEX CURRENCY CURRENCY BOARDS CURRENCY DEPRECIATION DEBT DEFLATION DEMAND FOR MONEY DEPOSIT INSURANCE DOLLAR TERMS DOMESTIC INFLATION DOMESTIC PRICE DOMESTIC PRICE LEVEL DOMESTIC PRICES ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC DEPRESSION ECONOMIC DEVELOPMENT ECONOMIC EFFECTS ECONOMIC HISTORY ECONOMIC STRUCTURE EMERGING ECONOMIES EQUILIBRIUM EXCHANGE RATE EXPORTS EXTERNAL DEBT EXTERNAL SHOCKS EXTREME POVERTY FEDERAL RESERVE SYSTEM FINANCIAL CRISIS FINANCIAL MARKETS FISCAL BUDGET FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FIXED EXCHANGE RATE FOREIGN BORROWING FOREIGN INVESTMENT GDP GOLD STANDARD GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME INFLATION INSURANCE INTEREST RATES INTERNATIONAL MONETARY FUND INTERNATIONAL RESERVES INTERNATIONAL TRADE LABOR FORCE LABOR MARKETS LAWS LEGAL TENDER LEGISLATION LENDER OF LAST RESORT LIQUIDITY LIVING STANDARDS MACROECONOMIC BALANCE MACROECONOMIC PERFORMANCE MEDIUM OF EXCHANGE MONETARY COUNTERPART MONETARY INTEGRATION MONETARY REGIME MONETARY STABILITY MONETARY SYSTEM MONEY SUPPLY NATURAL RESOURCE BASE NET IMPORTS NET WORTH OIL OIL PRICES OPEC ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES OUTPUT POLITICAL ECONOMY POLITICAL INSTABILITY PRICE STABILITY PRIVATE CONSUMPTION PURCHASING POWER QUOTAS REAL EXCHANGE RATE REAL GDP REAL GROWTH REAL INTEREST RATES REAL WAGE REAL WAGES SEIGNIORAGE SOCIAL SECURITY STABILIZATION SUBSIDIARY TAX COLLECTION UNEMPLOYMENT VALUE ADDED VOLATILITY VULNERABILITY WAGES WHOLESALE PRICE INDEX ECONOMIC CRISIS DOLLARS SOCIAL IMPACT CURRENCY CONVERTIBILITY CURRENCY FLUCTUATION CURRENCY REALIGNMENTS CURRENCY SELECTION SOCIAL PROTECTION SYSTEMS VULNERABLE GROUPS TARGETED ASSISTANCE GENDER MACROECONOMIC STABILITY BALANCE OF PAYMENTS EXCHANGE RATES PUBLIC EXPENDITURES GENDER POLICY GENDER-EARNINGS GAP GENDER & EDUCATION GENDER ANALYSIS LABOR MARKET CHARACTERISTICS MARKET SEGMENTATION GENDER GAP MALNUTRITION EDUCATIONAL ACHIEVEMENT 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. 2013-06-27T19:40:56Z 2013-06-27T19:40:56Z 2002-06 http://documents.worldbank.org/curated/en/2002/06/1964262/crisis-dollarization-ecuador-stability-growth-social-equity 0-8213-4837-X http://hdl.handle.net/10986/14256 English en_US Directions in development; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Latin America & Caribbean Ecuador
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING SYSTEMS BALANCE OF PAYMENTS BALANCE SHEETS BANK DEPOSITS BANK LOANS BANKING SYSTEM CENTRAL BANK COMPETITIVENESS CONSUMER PRICE INDEX CURRENCY CURRENCY BOARDS CURRENCY DEPRECIATION DEBT DEFLATION DEMAND FOR MONEY DEPOSIT INSURANCE DOLLAR TERMS DOMESTIC INFLATION DOMESTIC PRICE DOMESTIC PRICE LEVEL DOMESTIC PRICES ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC DEPRESSION ECONOMIC DEVELOPMENT ECONOMIC EFFECTS ECONOMIC HISTORY ECONOMIC STRUCTURE EMERGING ECONOMIES EQUILIBRIUM EXCHANGE RATE EXPORTS EXTERNAL DEBT EXTERNAL SHOCKS EXTREME POVERTY FEDERAL RESERVE SYSTEM FINANCIAL CRISIS FINANCIAL MARKETS FISCAL BUDGET FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FIXED EXCHANGE RATE FOREIGN BORROWING FOREIGN INVESTMENT GDP GOLD STANDARD GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME INFLATION INSURANCE INTEREST RATES INTERNATIONAL MONETARY FUND INTERNATIONAL RESERVES INTERNATIONAL TRADE LABOR FORCE LABOR MARKETS LAWS LEGAL TENDER LEGISLATION LENDER OF LAST RESORT LIQUIDITY LIVING STANDARDS MACROECONOMIC BALANCE MACROECONOMIC PERFORMANCE MEDIUM OF EXCHANGE MONETARY COUNTERPART MONETARY INTEGRATION MONETARY REGIME MONETARY STABILITY MONETARY SYSTEM MONEY SUPPLY NATURAL RESOURCE BASE NET IMPORTS NET WORTH OIL OIL PRICES OPEC ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES OUTPUT POLITICAL ECONOMY POLITICAL INSTABILITY PRICE STABILITY PRIVATE CONSUMPTION PURCHASING POWER QUOTAS REAL EXCHANGE RATE REAL GDP REAL GROWTH REAL INTEREST RATES REAL WAGE REAL WAGES SEIGNIORAGE SOCIAL SECURITY STABILIZATION SUBSIDIARY TAX COLLECTION UNEMPLOYMENT VALUE ADDED VOLATILITY VULNERABILITY WAGES WHOLESALE PRICE INDEX ECONOMIC CRISIS DOLLARS SOCIAL IMPACT CURRENCY CONVERTIBILITY CURRENCY FLUCTUATION CURRENCY REALIGNMENTS CURRENCY SELECTION SOCIAL PROTECTION SYSTEMS VULNERABLE GROUPS TARGETED ASSISTANCE GENDER MACROECONOMIC STABILITY BALANCE OF PAYMENTS EXCHANGE RATES PUBLIC EXPENDITURES GENDER POLICY GENDER-EARNINGS GAP GENDER & EDUCATION GENDER ANALYSIS LABOR MARKET CHARACTERISTICS MARKET SEGMENTATION GENDER GAP MALNUTRITION EDUCATIONAL ACHIEVEMENT
spellingShingle	ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING SYSTEMS BALANCE OF PAYMENTS BALANCE SHEETS BANK DEPOSITS BANK LOANS BANKING SYSTEM CENTRAL BANK COMPETITIVENESS CONSUMER PRICE INDEX CURRENCY CURRENCY BOARDS CURRENCY DEPRECIATION DEBT DEFLATION DEMAND FOR MONEY DEPOSIT INSURANCE DOLLAR TERMS DOMESTIC INFLATION DOMESTIC PRICE DOMESTIC PRICE LEVEL DOMESTIC PRICES ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC DEPRESSION ECONOMIC DEVELOPMENT ECONOMIC EFFECTS ECONOMIC HISTORY ECONOMIC STRUCTURE EMERGING ECONOMIES EQUILIBRIUM EXCHANGE RATE EXPORTS EXTERNAL DEBT EXTERNAL SHOCKS EXTREME POVERTY FEDERAL RESERVE SYSTEM FINANCIAL CRISIS FINANCIAL MARKETS FISCAL BUDGET FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FIXED EXCHANGE RATE FOREIGN BORROWING FOREIGN INVESTMENT GDP GOLD STANDARD GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME INFLATION INSURANCE INTEREST RATES INTERNATIONAL MONETARY FUND INTERNATIONAL RESERVES INTERNATIONAL TRADE LABOR FORCE LABOR MARKETS LAWS LEGAL TENDER LEGISLATION LENDER OF LAST RESORT LIQUIDITY LIVING STANDARDS MACROECONOMIC BALANCE MACROECONOMIC PERFORMANCE MEDIUM OF EXCHANGE MONETARY COUNTERPART MONETARY INTEGRATION MONETARY REGIME MONETARY STABILITY MONETARY SYSTEM MONEY SUPPLY NATURAL RESOURCE BASE NET IMPORTS NET WORTH OIL OIL PRICES OPEC ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES OUTPUT POLITICAL ECONOMY POLITICAL INSTABILITY PRICE STABILITY PRIVATE CONSUMPTION PURCHASING POWER QUOTAS REAL EXCHANGE RATE REAL GDP REAL GROWTH REAL INTEREST RATES REAL WAGE REAL WAGES SEIGNIORAGE SOCIAL SECURITY STABILIZATION SUBSIDIARY TAX COLLECTION UNEMPLOYMENT VALUE ADDED VOLATILITY VULNERABILITY WAGES WHOLESALE PRICE INDEX ECONOMIC CRISIS DOLLARS SOCIAL IMPACT CURRENCY CONVERTIBILITY CURRENCY FLUCTUATION CURRENCY REALIGNMENTS CURRENCY SELECTION SOCIAL PROTECTION SYSTEMS VULNERABLE GROUPS TARGETED ASSISTANCE GENDER MACROECONOMIC STABILITY BALANCE OF PAYMENTS EXCHANGE RATES PUBLIC EXPENDITURES GENDER POLICY GENDER-EARNINGS GAP GENDER & EDUCATION GENDER ANALYSIS LABOR MARKET CHARACTERISTICS MARKET SEGMENTATION GENDER GAP MALNUTRITION EDUCATIONAL ACHIEVEMENT Beckerman, Paul Solimano, Andres Crisis and Dollarization in Ecuador : Stability, Growth, and Social Equity
geographic_facet	Latin America & Caribbean Ecuador
relation	Directions in development;
description	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.
author2	Beckerman, Paul
author_facet	Beckerman, Paul Beckerman, Paul Solimano, Andres
format	Publications & Research :: Publication
author	Beckerman, Paul Solimano, Andres
author_sort	Beckerman, Paul
title	Crisis and Dollarization in Ecuador : Stability, Growth, and Social Equity
title_short	Crisis and Dollarization in Ecuador : Stability, Growth, and Social Equity
title_full	Crisis and Dollarization in Ecuador : Stability, Growth, and Social Equity
title_fullStr	Crisis and Dollarization in Ecuador : Stability, Growth, and Social Equity
title_full_unstemmed	Crisis and Dollarization in Ecuador : Stability, Growth, and Social Equity
title_sort	crisis and dollarization in ecuador : stability, growth, and social equity
publisher	Washington, DC: World Bank
publishDate	2013
url	http://documents.worldbank.org/curated/en/2002/06/1964262/crisis-dollarization-ecuador-stability-growth-social-equity http://hdl.handle.net/10986/14256
_version_	1764425232356999168

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

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