“The reasons are related to issues like dollarization, for example,” explains Basabe, referring to the monetary system in effect for the last 25 years in Ecuador, which has broad citizen support.

“The reasons are related to issues like dollarization, for example,” explains Basabe, referring to the monetary system in effect for the last 25 years in Ecuador, which has broad citizen support.

Ecuador experienced a significant reduction in inflation and volatility after dollarization in 2000. World Bank data indicates that inflation reached 96.1% in 2000, then decreased to an average of 2.6 ...

In a recent speech, Milei seemed to suggest that formal dollarization — as seen in El Salvador, Panama and Ecuador — is not going to happen. His remarks are somewhat confused, so it might be helpful ...

Al Borde’s founding partners, David Barragán, 42, and Pascual Gangotena, 46, met months before Ecuador’s dollarization, on their first day of classes at the esteemed Pontificia Universidad ...

In 2000, Ecuador replaced its sucre with the dollar in response to a severe economic crisis that saw inflation rise to 95.5 percent. El Salvador followed suit, transitioning to the dollar in 2001.

JP Morgan predicted a bleak outcome for Argentine President Javier Milei’s ambitious plan to dollarize the economy, arguing that the country’s fragile economic situation is unsuitable for such a risky ...

Argentina’s new president, Javier Milei, wants to ditch the peso for the U.S. dollar. Here’s how that would work.

Nicolás Cachanosky, an economist at the University of Texas–El Paso, explains that the full dollarization process does not need to happen instantly. The Ecuador and El Salvador examples show that ...