Chapter

Cuba

Archibald R. M. Ritter and Nicholas Rowe

in The Dollarization Debate

Published in print May 2003 | ISBN: 9780195155358
Published online November 2003 | e-ISBN: 9780199832989 | DOI: http://dx.doi.org/10.1093/0195155351.003.0025
Cuba

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This chapter examines the dollarization in the Cuban economy. It argues that switching to the euro would create more problems than it would solve, despite its political attractiveness to the government. A better option would be to restore the position of the peso in the economy. A basic approach for this process is presented.

Keywords: Cuba; dollarization; currency; exchange rate; peso; euro; monetary policy

Chapter.  10321 words.  Illustrated.

Subjects: International Economics

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