Félix Casares
Félix Casares is an economist and researcher known for his work on financial intermediation and its impact on economic activity in Ecuador. He led a significant study that explored the relationship between bank deposits, credit, and sales, revealing that an increase in bank credit can stimulate economic growth. His findings highlight the vital role of the banking system in a dollarized economy, where traditional monetary policy tools are limited.
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Ecuador:
Félix Casares explained that in a dollarized economy, the financial system is not only an intermediary but the main channel for liquidity transmission to economic activity.
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