How dollarization was and is experienced in Ecuador?
The presenters will delve into both the historical background of dollarization in the country and its impact on the current economic situation. They will analyze how dollarization was implemented, the reasons behind this decision, and how it was received by the population at the time. Furthermore, the long-term effects of dollarization on the Ecuadorian economy will be examined, including aspects such as inflation, international trade, public debt, and monetary policies. Through a detailed analysis, the speakers will provide a deeper understanding of how dollarization has influenced Ecuador's economic reality and how it continues to affect the daily lives of its citizens.
An economist with several publications, among which stand out "La Segunda Muerte de Sucre" in 1998 (co-authored with José Cordeiro) and "Ecuador: All You Need is Dollars" in 2016. He was one of the promoters of dollarization in Ecuador and currently works with pro-dollarization groups in Venezuela. He is a member of the Mont Pelerin Society and has served as a lecturer at universities in various countries. He is also a professor at the Pacific Business School and the author of "La desmitificación de la dolarización" (The Demystification of Dollarization).
Profesor de Economía, Universidad San Francisco de Quito
Professor Pedro Romero earned his Ph.D. in Economics from George Mason University in 2009, and prior to that, his Master's in Economics from the same institution in 2007. Additionally, he holds a strong background in Economics, with a specialization in Finance that he obtained at Escuela Superior Politécnica del Litoral in 2003.
His outstanding research work focuses on various topics of economic relevance. Among his primary interests are the causes behind institutional instability and uncertainty in developing countries, the identification of factors triggering banking panics, and the analysis of the influence of social norms and preferences on institutional development.
To carry out his research, Professor Romero employs advanced research methods developed by complexity science and experimental economics, showcasing his commitment to innovation and the pursuit of solutions to complex economic issues.
Nicolás Cachanosky is Ph.D. in Economics from Suffolk University, Master in Economics and Political Sciences from Economía y Ciencias Políticas ESEADE and Bachelor in Economics from the Catholic University of Argentina (UCA). He is Associate Professor of Economics of the Metropolitan State University of Denver (MSU Denver). He is Senior Fellow of the American Institute for Economic Research (AIER) in the Sound Money Project. He is author of Monetary Equilibrium and Nominal Income Targeting (2018, Routledge) and co-author together with Peter Lewin of Austrian Capital Theory: A Survey of the Essentials (2019, Cambridge University Press) and Capital and Finance: Theory and History (2020, Routledge). His academic papers have been published in journals such as Journal of the History of Economic Thought, Review of Financial Economics, Quarterly Review of Economics and Finance, Journal of Institutional Economics, Public Choice, Journal of Economic Behavior and Organization, Southern Economic Journal, and The Review of Austrian Economics, among others. He is currently President of the Association of Private Enterprise Education, serves in the Board of Directors of the Mont Pelerin Society and is member of the Academic Committee of the Acton Argentina Institute. He is editor of the Journal LIBERTAS: Segunda Época and is member of the editorial board of The Review of Austrian Economics and The Economists' Voice. He publishes columns in various Argentine media, such as La Nación, Infobae, El Cronista, Perfil and Ambito.