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Did dollarization help Ecuador?

Author

Listed:
  • Nicolás Cachanosky
  • Emilio Ocampo
  • Karla C. Hernández
  • John Ramseur

Abstract

This paper studies the impact of dollarization on the evolution of GDP per capita in Ecuador using synthetic control analysis (SCA). The results suggest a significant likelihood of a positive impact of dollarization. These results are relevant for countries with a history of high, persistent, and volatile inflation considering dollarization as a currency regime.

Suggested Citation

  • Nicolás Cachanosky & Emilio Ocampo & Karla C. Hernández & John Ramseur, 2025. "Did dollarization help Ecuador?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 72(1), February.
    • Handle: RePEc:bla:scotjp:v:72:y:2025:i:1:n:e12397
    DOI: 10.1111/sjpe.12397
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    Cited by:

    1. Emilio Ocampo & Nicolás Cachanosky, 2025. "Regime uncertainty and exchange rate dynamics: a political economy perspective," CEMA Working Papers: Serie Documentos de Trabajo. 908, Universidad del CEMA.

    More about this item

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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