DOLLARIZATION IN CUBA
Latin American Financial Markets: Developments in Financial Innovations
ISBN: 978-0-76231-163-7, eISBN: 978-1-84950-315-0
Publication date: 4 April 2005
Abstract
The Cuban dollarization is an original, complex phenomenon. In spite of serious difficulties, till now the process has remained under control. The government has reached in some degree its goal of rising foreign currency inflows, thus also of insuring economic recovery. Obviously, the dollarization’s effects have not been all positive, and the state recurrently recalls its wish to suppress it as soon as possible. This article explains to what extent the present dollarization is to be distinguished from the pre-revolutionary one; analyses its causes, mechanisms, and effects; and evaluates the debate about dollarization and scenarios of de-dollarization for Cuba.
Citation
Herrera, R. and Nakatani, P. (2005), "DOLLARIZATION IN CUBA", Arbelaez, H. and Click, R.W. (Ed.) Latin American Financial Markets: Developments in Financial Innovations (International Finance Review, Vol. 5), Emerald Group Publishing Limited, Leeds, pp. 115-134. https://doi.org/10.1016/S1569-3767(05)05007-7
Publisher
:Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited