The Central Bank of Cuba, Banco Nacional de Cuba (BNC), was created in 1948 and commenced operations in 1950. This institution was modeled after the U.S. Federal Reserve Bank system. BNC functioned as the monetary authority for a brief period until the onslaught of the Castro regime and the island economy’s transformation to a centrally […]
Cuban Economic Outcomes in the United States, 1960–1990
This paper examines the characteristics of the Cuban diaspora in the United States, and its propensity to achieve business success. The results are based on the Survey of Minority-Owned Business Enterprises, 1987 Economic Census issued by the U.S. Department of Commerce in April 1991. These statistics conclusively depict the breadth and depth of entrepreneurship displayed […]