Corpus ID: 18530816

Official Dollarization and the Banking System in Ecuador and El Salvador

  title={Official Dollarization and the Banking System in Ecuador and El Salvador},
  author={Myriam Quispe‐Agnoli and Elena Whisler},
  journal={Econometric Reviews},
In January 2000 Ecuador adopted the U.S. dollar as legal tender, and El Salvador followed suit in 2001. The two countries officially dollarized under quite different circumstances: Ecuador was suffering an economic and banking crisis, while El Salvador enjoyed economic stability and low inflation rates. This article studies the evolution of the banking system in these two countries before and after official, or full, dollarization. ; In Ecuador the reforms that ensued from full dollarization… 
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