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1998-99 Ecuador banking crisis : ウィキペディア英語版 | 1998–99 Ecuador banking crisis The 1998–99 Ecuador banking crisis resulted in about 70% of the country's financial institutions closing. In 1999, economic activity decreased by 7–8% and the currency depreciated by 195%.〔(USAID: Ecuador ) 〕 Per-capita income in US dollar terms plummeted by 32% during the year.〔 Unemployment increased from 9% to 17% and underemployment increased from 49% to 55%.〔 1.6 billion dollars of Government of Ecuador funds were used to bail out banks that failed as a result of corrupt practices and mismanagement.〔 The money supply increased at an annual rate of 170% to pay back depositors of failed banks.〔 In March 1999, the government froze bank deposits to avoid hyperinflation.〔 By the end of 1999, President Mahuad's approval rating had dropped to 9%.〔 Unresolved economic, financial and political problems led to massive protests that resulted in his departure from office on January 22, 2000.〔 ==Further reading==
*("Bank Crisis Leaves 4,360 Unemployed" ). ''Business News Americas'' (August 10, 1999). *(Central banks and financial crises: Lessons from recent Latin American history ). *(The political economy of the Ecuadorian financial crisis ). *(Managing systemic banking crises ) *(AGD drafts law to create new deposit insurance system ). *(Official Dollarization and the Banking System in Ecuador and El Salvador ) *( The Late 1990s Financial Crisis in Ecuador: Institutional Weaknesses, Fiscal Rigidities, and Financial Dollarization at Work ) (PDF).
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「1998–99 Ecuador banking crisis」の詳細全文を読む
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