The paper analyzes the official dollarization process that began in the Ecuadorian economy in 2000 and the changes it has led in monetary policy. Based on economic theory and international literature, generalized economic policy proposals for resource-rich countries are given.

This study comprises the comparative analysis of macro economic reasons and consequences of world economic crisis happened in 2008 which affected the economy of the world and the 1929 crisis the biggest that ever happened in the world. It is obvious that both of crises have common and different...