Análisis del sistema monetario internacionales en el Ecuador (1898-2000).

Abstract

This article represents a review of the international monetary system and Ecuador from its beginnings as a Republic up to the present, to be effective, the international monetary system must provide both sufficient nominal stability in exchange rates and domestic prices, as well as the adjustment timely to structural changes. The Gold Standard is also described, which in its time saved many countries from the low liquidity they presented due to wars, strengthened their economic ties so that the world economy does not collapse also from the Bretton Woods Agreements, it is synonymous with institutions of international cooperation aimed at avoiding devaluations, a well-functioning system promotes economic growth and prosperity through the efficient allocation of resources, a greater specialization in production based on comparative advantage and risk diversification and finally as Ecuador initiates its numismatic the exchange process of the sucre to the American currency as it is the dollar its repercussion to our economy.