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

Impacto a corto plazo del COVID-19 en el sistema financiero en una economía dolarizada

Segundo Camino-Mogro

Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, 2022, vol. 33, issue 1, 3-13

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 credits targeted to private sector (-0.60%). In addition, we find heterogeneous results across the different types of credits and deposits being the most affected those related to public institutions.

Keywords: COVID-19; lockdown; financial system; regression discontinuity; Ecuador; bloqueo; sistema financiero; regresión discontinua (search for similar items in EconPapers)
JEL-codes: G21 G51 H12 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pab:rmcpee:v:33:y:2022:i:1:p:3-13

DOI: 10.46661/revmetodoscuanteconempresa.5556

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