20 Years of Dollarization in Ecuador: A Synthetic Control Analysis
35 Pages Posted: 22 Sep 2020
Date Written: August 20, 2020
This paper uses a Synthetic Control Analysis to examine the economic effectiveness of dollarization in Ecuador. We address common concerns surrounding the adoption of dollarization as a policy and provide several solutions to those concerns. We find that dollarization resulted in significant higher levels of income without clear evidence of worsening in social health variables such as infant mortality, poverty, and income distribution.
Keywords: Ecuador, dollarization, synthetic control analysis
JEL Classification: E42; E50; O43
Suggested Citation: Suggested Citation
Cachanosky, Nicolas and Ramseur, John, 20 Years of Dollarization in Ecuador: A Synthetic Control Analysis (August 20, 2020). AIER Sound Money Project Working Paper No. 2020-16, Available at SSRN: https://ssrn.com/abstract=3678055 or http://dx.doi.org/10.2139/ssrn.3678055
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