Análisis del uso de los títulos del Banco Central y su influencia en la economía del Ecuador.

Abstract

TBCs are a financial tool that allow liquidity to be recirculated within the economy, in order to reduce the risk of the economy through the reordering of monetary flows to strengthen the system as a whole. The general objective of the work was to determine the incidence of the use of TBC in the country's economy. The methodology applied was a mixed approach, due to the use of the in-depth interview and the documentary analysis through the statistics of the accounts that rest in the BCE, a descriptive, exploratory and causal scope was also used. Among the main results, it was evidenced that the TBC help to recirculate liquidity within the economy without falling into problems of inflation and deflation, having as use the payment of taxes, obligations with third parties and exchange in the stock market to access liquidity or in turn receive interest for keeping them. In the documentary analysis it was found that the economy has had satisfactory results in the economic variables, with the exception of the formation of gross fixed capital and controlled inflation. Within the results of the statistical analysis of the different linear regression models, it was identified that there is no correlation or significance between the independent variable TBC and the different dependent variables GDP, government spending, fixed capital, inflation, unemployment, household spending, import and export; that is, the use of CBTs has no influence on the country's economy.