Short-term impact of COVID-19 on financial system in a dollarized economy

Abstract:

This paper analyzes the short-term impact of the lockdown policies implemented to stop the spread of the COVID-19 on the Ecuadorian financial system. We use a regression discontinuity in time (RDiT) design jointly with official data. Results show an overall decrease in total deposits (-3.4%) as well as in cbkp_redits targeted to private sector (-0.60%). In addition, we find heterogeneous results across the different types of cbkp_redits and deposits being the most affected those related to public institutions

Año de publicación:

2022

Keywords:

• financial system
• ECUADOR
• Regression Discontinuity
• covid-19
• lockdown

Fuente:

scopus