Liquidity Facilities Provided to Banks during the Dominican Republic Financial Crisis of 2003

Marco Porfirio Martinez ()
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Marco Porfirio Martinez: YPFS, Yale School of Management, https://elischolar.library.yale.edu/journal-of-financial-crises/

Journal of Financial Crises, 2025, vol. 7, issue 1, 683-689

Abstract: As part of an agreement with the International Monetary Fund (IMF), the Central Bank of the Dominican Republic (CBDR) released a comprehensive document providing an overview of the origins and handling of the 2003 financial crisis. This Archive Note builds on the highlights of that document by discussing primary factors that led to problems within Banco Intercontinental (Baninter), the bank that triggered the crisis; detailing measures the CBDR implemented to mitigate the situation; and addressing the consequences for two other major banks, Banco Mercantil and Bancredito.

Keywords: Baninter; CBDR; Dominican Republic (search for similar items in EconPapers)
JEL-codes: G01 G28 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ysm:ypfsfc:v:7:y:2025:i:1:p:683-689

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