Effect of E-Money as a Monetary Alternative Mechanism to the Dollar in Ecuador 2014-2017

Abstract

The purpose of this article is to describe the incidence of electronic money as an alternative monetary mechanism to the dollar in Ecuador period 2014-2017 and what have been the experiences in other countries. Likewise, the adoption of the same in Ecuador is evaluated. The research aims to give a visualization of the behavior of electronic money in the monetary circulation. The theorical support lies on the theories of ” (Turowski & Pousttchi, 2004), (Herzberg, 2003), (Kite, 2004)& (Van den Dam, 2005) (Berger, Hancock, & Marquardt, 1996) (Humphrey, Willesson, Bergendahl, & Lindbolm, 2006) (Humphrey & Vale, 2004.) among others. Finally, the research design is integral correlation. As a conclusion,   t was obtained that this case, the introduction of electronic money, had a positive impact on the money circulation as an alternative monetary mechanism to the dollar in Ecuador during the period 2014-2017.