ACADEMANAGE
Introduccion:
After decades of inflationary growth since the 1970s, after leaving the military dictatorship and the mismanagement of the economy by the military president, Guillermo Rodríguez Lara, and above all due to the poor public administration of future governments, the country went through an inflation in 1999 of 60.7% due to the printing of paper money by the Central Bank of Ecuador, liquefying savings and causing the financial market to crash. As stated by the Nobel Prize winner in Economics Milton Friedman, inflation is always a monetary phenomenon, that is, money loses purchasing power due to a high supply in the money market.
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