Argentina and Ecuador: Understanding the Currency Crisis
Unlimited Access to Our Library
300+ videos covering the world's major economies, highlighting key global business topics, local cultures and nuances.
Original content from our country & business experts.
Start Exploring Today For Less Than
$17 a month
Reviewing Argentina's and Ecuador's Economic Hurdles
Though the early 1990s may have been characterized by financial optimism, Argentina was in a recession as Brazil’s 1998 monetary crisis sent shockwaves across the regional and global markets. Travel north to Ecuador and there was a very different financial perspective. In 2000, Ecuador made the US dollar its currency, bringing the country stability and growth. Explore the foreign exchange paths and policies the countries took to address their economic challenges, and what these decisions meant for global businesses operating in each country.