Notes1 This paper assesses sources of economic growth in Cuba during the period 1990–2008, with the purpose of identifying factors behind long-term growth dynamics, as well as those explaining short-term growth developments. The period chosen covers what is known as the “Special” period after the collapse of the Soviet Union (1990–1995), as well as the […]
A Primer on Currency Unification and Exchange Rate Policy in Cuba: Lessons from Exchange Rate Unification in Transition Economies
Notes1 Since the second half of the 1990s the Central Bank of Cuba (BCC) has operated a dual monetary and exchange rate system, in which a largely convertible currency (the convertible Cuban peso, CUC) coexists with the “official” non-convertible currency (the Cuban peso, CUP). The existence of dual markets for currency and associated dual exchange […]