Ecuador's Financial Rollercoaster
Boom & Bust: Ecuador’s Financial Rollercoaster The Interplay between Finance, Politics and Social Conditions in 20th century Ecuador Pablo R. Izurieta Andrade Copyright © 2015 Vernon Press, an imprint of Vernon Art and Science Inc, on behalf of the author. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Vernon Art and Science Inc. www.vernonpress.com In the Americas: In the rest of the world Vernon Press Vernon Press 1000 N West Street, C/Sancti Espiritu 17, Suite 1200, Wilmington, Malaga, 29006 Delaware 19801 Spain United States Library of Congress Control Number: 2015942450 ISBN: 978-1-62273-470-2 Images used with permission. Product and company names mentioned in this work are the trademarks of their respective owners. While every care has been taken in preparing this work, neither the author nor Vernon Art and Science Inc. may be held responsible for any loss or damage caused or alleged to be caused directly or indirectly by the information contained in it. Synopsis This work proposes a connection of financial circumstances with major socio-political events in 20th-century Ecuador. It highlights the state of the nation’s economy as a determinant factor in the outcome of events. Throughout the history of Ecuador, the ambivalent evolution of major political and social events such as the stability of serving presidents, coups and war, has had an interesting and direct relationship to the financial environment. If the economy was healthy, did the country also experience stability? If it went into disarray, did the non-financial environment follow? Data collected from the Central Bank of Ecuador, unpublished diplomatic papers, and personal documents from relevant historical figures, as well as from the work of previous historians, indicate a strong effect of financial and economic performance on major political and social events.
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