The Late 1990's Financial Crisis in Ecuador : Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization At Work

Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization At Work

The Late 1990's Financial Crisis in Ecuador : Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization At Work
This paper stresses three factors that amplified the 1990s financial crisis in Ecuador, namely institutional weaknesses, rigidities in public finances, and high financial dollarization. Institutional factors restricted the government's ability to respond in a timely manner and efficiently enough to prevent the escalation of the banking crisis and READ MORE...

Publication date: January 2004
ISBN 9781451842937
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