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...

We analyzed the impact of currency devaluation on the Bolivian economy, employing a dynamic and extended version of the PEP 1-1 standard model to simulate effects impact on both the main macroeconomic aggregates and the financial stocks and flows of economic agents. We built a new Financial...

Intro -- Contents -- Preface -- Abbreviations -- 1 Crisis and Dollarization: An Overview -- 2 Longer- Term Origins of Ecuador's ÏPredollarizationÓ Crisis -- 3 Ecuador under Dollarization: Opportunities and Risks -- 4 Ecuador: Crisis, Poverty, and Social Protection -- 5 Gender Dimensions of...