Financial Alternatives in the Ecuadorian Exchange Market during COVID-19

Resumen

The COVID-19 pandemic triggered a set of policies implemented by the Ecuadorian Government such as the lockdown decreed in March 2020. The policy is exploited as an exogenous variation in a discontinuous regression in time design (RDiT) with administrative data, in order to evaluate its impact over the placements of non-public institutions and companies from March 2019 to March 2021 over the Ecuadorian Exchange Market. For instance, there is a significant increase in the amount of placements after the lockdown due to the companies’ need of financial aid and liquidity outside the traditional corporate loans offered by the banking sector to maintain their operations.