Dollarization: A Case Study of Ecuador
Abstract
The purpose of this paper is to conduct a cost and benefit analysis of Ecuador’s decision to abandon its domestic currency, the Sucre, with the U.S. dollar in the year 2000. In light of the evidence that will be put forth in this paper, it is argued that official dollarization in the short-run has generated benefits to the economic well being of Ecuador beyond that of an initial stabilizing effect where the costs associated with the regime have had a relatively minor impact thus far.
Full Text: PDF DOI: 10.15640/jeds.v4n2a4
Abstract
The purpose of this paper is to conduct a cost and benefit analysis of Ecuador’s decision to abandon its domestic currency, the Sucre, with the U.S. dollar in the year 2000. In light of the evidence that will be put forth in this paper, it is argued that official dollarization in the short-run has generated benefits to the economic well being of Ecuador beyond that of an initial stabilizing effect where the costs associated with the regime have had a relatively minor impact thus far.
Full Text: PDF DOI: 10.15640/jeds.v4n2a4
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