Ecuador: Into the abyss thanks to the structural adjustment policies of the Extended Fund Agreement with the IMF

Autor:	Katiuska King Mantilla, Pablo Samaniego Ponce
Jazyk:	English<br />Spanish; Castilian
Rok vydání:	2020
Předmět:	Ecuador fully dollarized economy extended fund agreement structural adjustment policies capital roundtripping Social Sciences Economic history and conditions HC10-1085
Zdroj:	Cuadernos de Economía, Vol 39, Iss 80 (2020)
Druh dokumentu:	article
ISSN:	0121-4772 2248-4337
DOI:	10.15446/cuad.econ.v39n80.82581
Popis:	This paper analyses the scope, origins, justification, and commitments of the extended fund arrangement (EFA) signed by the Ecuadorian government and the IMF in March 2019. This agreement, which represents a little more than a third of Argentina’ Stand-By Agreement, promotes Central Bank independence, austerity, as well as structural adjustment policies, but its basic’ diagnosis omits external sector problems. This paper presents the implications and contradictions of the agreement to promote structural changes in the real sector and how these foster policies that protect the interests of bondholders and bankers.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/219921dc5bad40ccab045f5bba47ba86 Zobrazit plný text záznamu View record in DOAJ