[2] Mahuad attended Harvard University's John F. Kennedy School of Government, where he received a Master of Public Administration in 1989.

[3] Harvard University published a case study on Mahuad, called "Leadership and Negotiation: Ending the Western Hemisphere's Longest Running Border Conflict."

In the final days of 1999, he announced the dollarization of the economy of Ecuador, along with a number of International Monetary Fund measures.

Mahuad was forced to resign after a week of demonstrations by indigenous Ecuadorians and a military revolt led by Lucio Gutiérrez.

During Mahuad's presidency, a historic peace agreement with Peru was signed, resolving long-standing border disputes.