Ley de la Defensa de la Dolarización en la economía ecuatoriana, mediante un modelo econométrico, para contribuir al crecimiento económico.

Abstract

The Organic Law Reforming the Organic Monetary and Financial Code for the Defense of Dollarization, proposed by the Executive, was approved by the National Assembly on April 22, 2021. These reforms aim to restore and strengthen the independence of the institutional base of the Central bank. In addition, it proposed the establishment of a Monetary Policy and Regulation Board and a Financial Policy and Regulation Board, which will make decisions regarding the institution's monetary and financial policies; therefore, it is essential to determine the impact that these reforms will have on the Ecuadorian economy. The objective of this research work is to determine the impact of the "Dollarization Defense Law" on the Ecuadorian economy, through an econometric model, to contribute to the country's economy. The method applied is panel data and asymmetric regression. The type of research is descriptive, exploratory and correlational. As a main conclusion, it is determined that the Law for the Defense of dollarization by making the Central Bank independent and shielding the country's reserves, it did not generate any impact on the country's economy.