EL MODELO ECONÓMICO DE LA REVOLUCIÓN CIUDADANA Y SU IMPACTO SOBRE LA BANCA PRIVADA EN EL ECUADOR DURANTE EL PERIODO 2013-2017

Abstract

The banks are one of the economy’s engines. In Ecuador, the bank’s evolution, especially the private, was blocked during the last government of Rafael Correa between 2013 and 2017. Events such as the budget crisis provoked by the reduction on oil price, the uncertainty about the dollarization and the e-money, and a fiscal-regulatory policy, stopped the investments and motivated the consumption. The decrease in the private banking was notorious since 2015, where the deposits were reduced, which provoked a liquidity problem, also a reduction in credit’s demand, where the economic policy influenced. Throughout the analytic method with a qualitative-quantitative focus the economic model was related with the private banking evolution. In the results section, the liquidity reduction in the private banking is reflected with the decrease of the legal reserve and catchments, while the country risk is evidenced with the interest rates’ increase for the production and consumption, where is notorious the impulse towards consumption while the production is punished. As a conclusion, the Rafael Correa’s economic model is correlated with the private banking evolution, which faced several taxes plus the fixation of interest rates.