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Dollarisation officielle en Équateur : quel verdict vingt ans après ?

Author

Listed:
  • Selin ÖZYURT
  • Simon CUEVA (TNK Economics)

Abstract

En janvier 2000, dans un contexte de crise économique et politique profonde, l’Équateur adoptait le dollar américain en tant que monnaie légale. En décembre 2019, soit près de deux décennies plus tard, le conseil d’administration du Fonds monétaire international (FMI) approuvait un versement total de 498 millions de dollars consécutif aux deuxième et troisième revues de la facilité élargie de crédit. L’accord financier avec le FMI, qui visait à répondre au besoin croissant de financement extérieur pour le pays, avait été conclu en mars 2019 sous le mandat du président Lenin Moreno. Dans le cadre du programme macroéconomique appuyé par le FMI, les autorités équatoriennes se sont engagées à garantir la viabilité budgétaire de leurs politiques, à reconstituer les réserves de change de la Banque centrale de l'Équateur (BCE) et à renforcer les bases institutionnelles de la dollarisation officielle.

Suggested Citation

  • Selin ÖZYURT & Simon CUEVA (TNK Economics), 2020. "Dollarisation officielle en Équateur : quel verdict vingt ans après ?," Working Paper 19795ea3-88a3-4f85-af90-a, Agence française de développement.
    • Handle: RePEc:avg:wpaper:fr11316
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    References listed on IDEAS

    as
    1. Mendoza, Enrique G, 1995. "The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(1), pages 101-137, February.
    2. Rose, Andrew K & Engel, Charles, 2002. "Currency Unions and International Integration," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(4), pages 1067-1089, November.
    3. Adalbert Winkler & Francesco Mazzaferro & Carolin Nerlich & Christian Thimann, 2004. "Official dollarisation/euroisation - motives, features and policy implications of current cases," Occasional Paper Series 11, European Central Bank.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Équateur;

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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