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The Dollarization Debate$
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Dominick Salvatore, James W. Dean, and Thomas D. Willett

Print publication date: 2003

Print ISBN-13: 9780195155358

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0195155351.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 19 June 2019

Cuba

Cuba

“Dollarization” and “Dedollarization”

Chapter:
(p.425) 24 Cuba
Source:
The Dollarization Debate
Author(s):

Archibald R. M. Ritter

Nicholas Rowe

Publisher:
Oxford University Press
DOI:10.1093/0195155351.003.0025

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

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