International

Oceans’ Influence on Climate and Economy Explored

Oceans’ Influence on Climate and Economy Explored

Oceans as the planet’s dominant climate regulatorThe global ocean spans about 71% of Earth’s surface and functions as the planet’s chief climate moderator, absorbing and redistribu...

Economy

Examining Ecuador’s Dollarization and its Impact on Finance

Examining Ecuador’s Dollarization and its Impact on Finance

Ecuador adopted the United States dollar as legal tender in 2000 after a severe banking and currency crisis. That decisive move eliminated exchange rate volatility with respect to the dollar and effectively outsourced monetary policy to the U.S. Federal Reserve. Dollarization res...