WP: 20 Years of Dollarization in Ecuador (A SCA Analysis)

A paper co-authores with one of MSU Denver students, on the 20-year mark of dollarization in Ecuador.

Abstract

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.

Download paper from SSRN.