 Dolarización: Definición, costos y beneficios. El caso de CubaDollarization: Definition, Costs and Benefits: The Case of CubaMPRA Paper from University Library of Munich, Germany Abstract: The official dollarization of the Cuban economy starting in 1993 was an integral part of the policy reforms measured implemented to confront the economic crisis of the 1990s. The socioeconomic effects of these policies are still being felt in Cuban society today. What is dollarization? What were its principal causes in the case of Cuba? How has dollarization impacted Cuba’s economy and society? This paper addressed these questions. Section one describes the process of dollarization, and examines its benefits and costs, while providing a theoretical framework to understand its multidimensional ramifications. Section two presents a detailed account of dollarization in Cuban from the Republican Era (1092 – 1958) to the present, with a particular emphasis on the semi-official dollarization of the Cuban economy in 1993. Finally, section three analyzes the effects of dollarization and recent changes in Cuba’s monetary policy. Keywords: Cuba; Cuban economy; dollarization (search for similar items in EconPapers) Published in Delaware Review of Latin American Studies 2.6(2006): pp. 1-19 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:60547 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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