The Role of Financial Speculation in the Ecuadorian Economy During the Crisis of the 1990s

Authors

  • Andrea del Cisne Vega Granda Technical University of Machala
  • Nervo Apolo Vivanco Technical University of Machala
  • Flor Vega Jaramillo Technical University of Machala

DOI:

https://doi.org/10.18779/csye.v2i1.264

Keywords:

FINANCIAL CRISIS, DOLLARIZATION, FINANCIAL SYSTEM, FINANCIAL SPECULATION

Abstract

The objective of the present study is to analyze the causes and consequences of financial speculation in the economy of Ecuador during the 90's. In the last years of this period, the transition from the change of currency (Sucre-dolar American) was given. The research identifies the risk caused by a speculative atmosphere in the Ecuadorian economy, based with review of the literature and descriptive analysis, in order to explain the classics measures adopted at that time. It is concluded, one of the most vulnerable was the financial, given that the new system of liberalization of capital and the economic and financial crisis that existed in the country led to the mobility of financial capital in the short term to the outside, with the purpose of finding stable markets for better profits investors, which also caused great speculation with the American foreign currency (dollar).

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Published

2018-06-29

How to Cite

Vega Granda, A. del C., Apolo Vivanco, N., & Vega Jaramillo, F. (2018). The Role of Financial Speculation in the Ecuadorian Economy During the Crisis of the 1990s. Journal of Social and Economics Science, 2(1), 23–37. https://doi.org/10.18779/csye.v2i1.264

Issue

Vol. 2 No. 1 (2018): Journal of Social Science and Economics

Section

Social Science

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