Economics

Exchange Rates

Cuban pesos are seen at at vegetable stall at a market in Sagua La Grande, in the province of Villaclara in central Cuba, around 240 km (149 miles) east of Havana (REUTERS/Desmond Boylan).

Paper | Cuban Economic Change in Comparative Perspective Paper Series

Monetary Reform in Cuba Until 2016: Between Gradualism and the "Big Bang"

December 2013, Pavel Vidal Alejandro and Omar Everleny Pérez Villanueva

Pavel Vidal Alejandro and Omar Everleny Pérez Villanueva analyze the benefits and costs of the eventual devaluation of the official exchange rate for the Cuban peso, and evaluate possible policy responses and alternatives.

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