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.

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