FinObservatory

Crisis atlas / ECU / 1906–1924

Ecuador, 1906–1924

One crisis episode: distinct crisis years merged across gaps of up to two non-crisis years. Types, source agreement, and macro context are drawn from the union of five primary chronologies.

Sovereign debtCurrency

Crisis years in this episode

Every distinct (year, type) event inside the 1906–1924 window, with the chronologies flagging it and the count of agreeing sources. Start-year sources (GMD, JST) mark only the first year, so agreement falls in the continuation years.

  1. 1906
    Sovereign debtgmd, rr2 sources
  2. 1907
    Sovereign debtrr1 source
  3. 1908
    Sovereign debtrr1 source
  4. 1909
    Sovereign debtrr1 source
  5. 1910
    Sovereign debtrr1 source
  6. 1911
    Sovereign debtrr1 source
  7. 1914
    Sovereign debtgmd, rr2 sources
  8. 1915
    Sovereign debtrr1 source
  9. 1916
    Sovereign debtrr1 source
  10. 1917
    Sovereign debtrr1 source
  11. 1918
    Sovereign debtrr1 source
  12. 1919
    Sovereign debtrr1 source
  13. 1920
    Sovereign debtrr1 source
  14. 1921
    Currencygmd, rr2 sources
    Sovereign debtrr1 source
  15. 1922
    Currencyrr1 source
    Sovereign debtrr1 source
  16. 1923
    Sovereign debtrr1 source
  17. 1924
    Currencyrr1 source
    Sovereign debtrr1 source

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Laeven-Valencia banking-crisis detail

Laeven-Valencia reports fiscal cost and output loss for systemic banking crises only. This episode involves sovereign debt and currency crises, for which no comparable cost figures exist in the source chronologies.

Macro context, 1899–1931

Seven years either side of the episode. Each panel has its own scale; the crisis window is shaded. Only indicators with data for Ecuador in this window are shown. Bank credit growth (year over year in total loans) is available for the 18 Jordà-Schularick-Taylor advanced economies.

Real GDP growth (% y/y)
-20246189919061931
Govt debt (% of GDP)
050100189919061931

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 (credit) Real GDP growth is derived as the year-over-year change in real GDP; current account and government debt are percent of GDP; policy rate is the central-bank rate; bank credit growth is the year-over-year change in JST total loans. Methodology

How each source dates this episode

The chronologies disagree on start years and durations. This table is generated from the event rows, not curated: it lists, per crisis type, which source flags which years inside the window.

Sovereign debt
  • Global Macro Database1906, 1914
  • Reinhart-Rogoff1906, 1907, 1908, 1909, 1910, 1911, 1914, 1915, 1916, 1917, 1918, 1919, 1920, 1921, 1922, 1923, 1924
Currency
  • Global Macro Database1921
  • Reinhart-Rogoff1921, 1922, 1924

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Policy-response case studies (external)

For qualitative accounts of how authorities intervened in systemic crises, see the Yale Program on Financial Stability New Bagehot Project, a library of financial-crisis intervention case studies. It is a separate qualitative resource; no specific case is asserted to match this episode.