Ecuador: Selected Issues

Volume/Issue: Volume 2006 Issue 103
Publication date: March 2006
ISBN: 9781451811834
$20.00
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Topics covered in this book

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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , Taxation - General , ISCR , CR , Ecuador , debt , GDP , dollarization regime , bank profit , Ecuadoran bank , credit risk , oil GDP , bank client , central bank , adoption of dollarization , Exports , Dollarization , Oil , gas and mining taxes , Central America , Western Hemisphere , Global

Summary

This Selected Issues paper analyzes economic performance of Ecuador under dollarization. The paper reviews the principal trade-offs normally associated with official dollarization, and their specific relevance to Ecuador. It discusses Ecuador’s performance under the dollarization regime, highlighting the country’s main achievements and challenges in the macroeconomic and structural areas. The paper draws some conclusions and discusses what dollarization implies for Ecuador’s reform agenda in the future. The paper also assesses sustainability of Ecuador’s fiscal policy and explores criteria that could guide the setting of fiscal policy in the future.