Ecuador: why exit dollarization?

Ecuador: why exit dollarization?

Dollarization is a monetary regime that is detrimental to sustained growth and the ability to cope with successive external shocks. Setting out from this premise, the present paper sets forth five reasons why Ecuador would be well advised to end dollarization. Studies such as those of Naranjo and Na...

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Autor principal: Paredes, Gonzalo J.
Formato: Texto
Lenguaje:English
Publicado: 2017
Materias:
DOLAR
SISTEMAS MONETARIOS
POLITICA MONETARIA
CRECIMIENTO ECONOMICO
DOLLAR
MONETARY SYSTEMS
MONETARY POLICY
ECONOMIC GROWTH
Acceso en línea:http://hdl.handle.net/11362/42014
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spelling oai-11362-420142020-03-06T16:50:27Z Ecuador: why exit dollarization? Paredes, Gonzalo J. DOLAR SISTEMAS MONETARIOS POLITICA MONETARIA CRECIMIENTO ECONOMICO DOLLAR MONETARY SYSTEMS MONETARY POLICY ECONOMIC GROWTH Dollarization is a monetary regime that is detrimental to sustained growth and the ability to cope with successive external shocks. Setting out from this premise, the present paper sets forth five reasons why Ecuador would be well advised to end dollarization. Studies such as those of Naranjo and Naranjo (2011), Acosta (2004), Correa (2004a and 2004b), Naranjo (2004) and Jameson (2003) made valuable and distinctive contributions to this discussion, but the oil boom and the change in the mode of development over the past decade have tended to leave the debate increasingly void. This article makes reference to regulation theory and the Argentine crisis of 2001. It concludes that dollarization has been maintained because of a transformation in the mode of regulation that opened the way to a different accumulation regime, but that the country needs to restore its own currency if it is to consolidate the new mode of development. 2017-08-08T16:25:31Z 2017-08-08T16:25:31Z 2017-04 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/42014 LC/PUB.2017/8-P 8 en CEPAL Review CEPAL Review 121 .pdf application/pdf ECUADOR ECUADOR
institution Cepal
collection Cepal
language English
topic DOLAR
SISTEMAS MONETARIOS
POLITICA MONETARIA
CRECIMIENTO ECONOMICO
DOLLAR
MONETARY SYSTEMS
MONETARY POLICY
ECONOMIC GROWTH
spellingShingle DOLAR
SISTEMAS MONETARIOS
POLITICA MONETARIA
CRECIMIENTO ECONOMICO
DOLLAR
MONETARY SYSTEMS
MONETARY POLICY
ECONOMIC GROWTH
Paredes, Gonzalo J.
Ecuador: why exit dollarization?
description Dollarization is a monetary regime that is detrimental to sustained growth and the ability to cope with successive external shocks. Setting out from this premise, the present paper sets forth five reasons why Ecuador would be well advised to end dollarization. Studies such as those of Naranjo and Naranjo (2011), Acosta (2004), Correa (2004a and 2004b), Naranjo (2004) and Jameson (2003) made valuable and distinctive contributions to this discussion, but the oil boom and the change in the mode of development over the past decade have tended to leave the debate increasingly void. This article makes reference to regulation theory and the Argentine crisis of 2001. It concludes that dollarization has been maintained because of a transformation in the mode of regulation that opened the way to a different accumulation regime, but that the country needs to restore its own currency if it is to consolidate the new mode of development.
format Texto
author Paredes, Gonzalo J.
author_facet Paredes, Gonzalo J.
author_sort Paredes, Gonzalo J.
title Ecuador: why exit dollarization?
title_short Ecuador: why exit dollarization?
title_full Ecuador: why exit dollarization?
title_fullStr Ecuador: why exit dollarization?
title_full_unstemmed Ecuador: why exit dollarization?
title_sort ecuador: why exit dollarization?
publishDate 2017
url http://hdl.handle.net/11362/42014
work_keys_str_mv AT paredesgonzaloj ecuadorwhyexitdollarization
_version_ 1718433332922941440

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