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Domingo Cavallo and George Selgin highlighted the 20 years of dollarization

Posted On 24 Jan 2020

Concerning the 20 years of dollarization in Ecuador, this afternoon the conferences of Domingo Cavallo, former Minister of Economy of Argentina, and George Selgin, academic and expert of the Cato Institute, were held at the headquarters of the San Francisco University of Quito

Domingo Cavallo and George Selgin highlighted the 20 years of dollarization

Selgin explained the benefits of the monetary scheme and highlighted the strength that it has since its implementation in Ecuador; especially, due to the reduction of risks, such as exposure to a foreign exchange embargo, and the increase in surpluses for the consumer. As challenges, he argued the need to increase banking.

Cavallo recounted how convertibility in Argentina managed to reduce inflation and generate more confidence in investors.

He pointed out that the adoption of a fixed exchange rate causes a kind of “straitjacket” that protects the economy from political decisions.

Both experts stressed the importance of the private sector, of greater investments, to sustain dollarization in Ecuador.

https://www.eluniverso.com/noticias/2020/01/23/nota/7705704/domingo-cavallo-george-selgin-destacaron-20-anos-dolarizacion

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A bacterium protects the lupine from its main threat and would increase grain production in Ecuador

Posted On 26 Feb 2021

Despite pandemic, air transport of flowers was the second best in eight years

Posted On 26 Feb 2021

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Posted On 26 Feb 2021
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