The dual currency bifurcation of Cuba’s economy in the 1990s
Causes, consequences and cures
Bibliographic Data
| ID | 11650797 |
|---|---|
| Authors | Archibald R M Ritter (corresponding author) |
| Year | 1995 |
| Volume | 1995 |
| Issue | 57 |
| Pages | 113-131 |
| Publication date | 1995-12-13 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | CEPAL review (JOURNAL) |
| Journal identifiers | ISSN: 0251-2920 • E-ISSN: 1684-0348 |
| Publisher | United Nations Publications (PUBLISHER • US) |
| DOI | 10.18356/ee556ba4-en |
| OpenAlex | W2285201211 |
| Language | EN |
| Citations received | 2 |
In the 1990s, there has been a growing split in Cuba’s economy between the traditional socialist peso-based component and the internationalized dollar-oriented and marketized component. This schism has been caused by a conjuncture of circumstances, including the expansion of tourism and foreign and mixed enterprise; the contraction and loss of confidence in the socialist economy; the weakening of the monetary role of the peso (owing to the rapid inflation arising from the financing of the fiscal deficit through money creation), and a grossly overvalued exchange rate. This dual currency and structural bifurcation of the economy shaped the pattern of income distribution, thereby influencing the economic behaviour of the Cuban people
Central bank · Currency · Dual (grammatical number · Dual economy · Economics · Economy · Exchange rate · Inflation (cosmology · Liberian dollar · Market economy · Monetary economics · Monetary policy · Money creation · Cuban History and Society · Finance
| Unique citing works | 2 |
|---|---|
| Citations per year | 0.08 |
| Citation span | 2002 - 2020 (19) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |