Notes1 The three key components of a national reconciliation process are truth, justice, and reconciliation. History has shown that all three should be properly addressed for a transition from a repressive regime to take place successfully, that is, in a way that allows society to heal and integrate a painful past in a productive manner. […]
A First Approximation Model of Money, Prices and Exchange Rates in Revolutionary Cuba
Notes INTRODUCTION This paper traces the interrelationship between money, black market prices and black market exchange rates in Revolutionary Cuba, that is, in the post-1958 Cuban economy. The research was originally designed as a study of foreign exchange rates, with the objective of developing predictive equations of foreign exchange rates of the Cuban peso. The […]
1995 Preface
This volume contains selected papers and commentaries presented at the Fifth Annual Meeting of the Association for the Study of the Cuban Economy (ASCE). The Fifth ASCE Annual Meeting was co-sponsored by the North-South Center, University of Miami, and held at the James L. Knight Center, Miami, Florida, on August 10-12, 1995. The papers and […]
A First Approximation Design of the Social Safety Net for a Democratic Cuba
Notes Executive Summary This paper quantifies the 1992 social safety net of Cuba as consisting of cash expenditures of 2,396 million pesos and in-kind expenditures and subsidies of 2,162 million pesos. The combined social safety net in 1992 was enormous, comprising 37.0% of the gross domestic product (GDP) of Cuba and 55.4% of all payroll […]
A First Approximation Model of the Balance of Payments, Output, Employment and Foreign Aid Requirements of a Democratic Cuba
Notes Background This paper presents some initial thoughts on the economic prospects of a post-Castro democratic Cuba. It provides rough figures of the growth prospects, balance of payments and debt-servicing capabilities of a democratic Cuba under three economic scenarios: Partial Privatization à la Nicaragua, Full Privatization / Caribbean Basin Initiative (CBI) scenario, where Cuba privatizes […]