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21 years of dollarization in Ecuador: myths and truths

RIO DE JANEIRO, BRAZIL - At a time when the recurring debate on the possibilities of dollarizing the Argentine economy is back, with the publication of Alfredo Romano's book "Dollarization, a path towards economic stability", it is worth taking a look at what happened in Ecuador, a country that embraced dollarization back in the year 2000.

On January 9 of that year, President Jamil Mahuad dollarized the Ecuadorian economy, in a climate of political polarization that soon led to his departure from government.

In the early years, this extreme decision generated a wave of protests, which weakened the country's . . .

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