Notes1 This paper reviews some of the recent economic literature on the role of government in market economies and in economies in transition from central planning to a market structure, and draws implications for the reconstruction of Cuba. After an introductory section which defines governance, the paper discusses how governments have a distinct role to […]
External Debt Problems and the Principle of Solidarity: The Cuban Case
Notes[ref]The views expressed here are those of the author and in no way represent the official views of the International Monetary Fund.[/ref] As the planet earth advances rapidly towards the twenty-first century, people are becoming more aware that the various problems affecting contemporary society cannot be solved exclusively at the national level. Increasingly the world […]
Comments on “A Conceptual Sketch of the New Financial and Development Institutions for the Cuba in Transition and the Future Cuba” by Alberto Luzárraga
Mr. Luzárraga’s paper presents a sketch of the financial and developmental problems facing the postCastro Cuba and makes a number of proposals to address these problems. The paper touches upon many important issues including the importance of creating an efficient financial system in Cuba, the promotion of capital markets, the establishment of a viable social […]
The Implications of Currency Substitution Experiencesin Latin America and in Eastern Europe for Cuba
Notes[ref]The author would like to thank Marcelo Figuerola and Andrew Tweedie for useful comments, and José Alonso, Jorge Pérez-López, and Joaquín Pujol for providing useful references. The views expressed here are those of the author and in no way represent the official views of the International Monetary Fund.[/ref] I. Introduction This paper assesses the experience […]
Comments by Lorenzo Perez on Towards a Market Economy in Cuba? Social and Political Consideration
Dr. Perez-Stable’s paper argues that Cuban socialism is increasingly unviable because of the reduction of the Soviet Union subsidies, the continuation of the United States blockade, and the increasing demands for political changes by the middle class. She notes that this has led many observers to believe that the restoration of a market economy and […]