Business & Economics Books:

Crisis and Dollarization in Ecuador

Stability, Growth, and Social Equity
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Paperback / softback
$60.99
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Description

Early in 2000, Ecuador, confronted with a serious economic and governance crisis, 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 radicalised 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.
Release date Australia
May 31st, 2002
Audiences
  • Postgraduate, Research & Scholarly
  • Professional & Vocational
  • Undergraduate
Pages
228
Dimensions
152x229x13
ISBN-13
9780821348376
Product ID
2430097

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