Authors

Pavel Vidal Alejandro

Profesor Asociado del Departamento de Economía de la Pontificia Universidad Javeriana Cali. Doctor en Ciencias Económicas de la Universidad de La Habana. Ha sido investigador invitado en la Universidad de Columbia, Universidad de Harvard, Universidad Complutense de Madrid, Universidad de Oslo y en el Institute of Developing Economies (Japan External Trade Organization).

Cuba’s Central Bank Doesn’t Understand Demand for Cash

The Cuban government has decided to implement a forced bankarization and an accelerated digitalization of the payment system in just six months. They expect this to happen in a country with one of the most backward telecommunications infrastructures and one of the least developed banking systems and payment instruments in the region.

Do Cuba’s MSMEs Inflate the Dollar?

Pavel Vidal Alejandro

When domestic prices grow at a higher rate than the exchange rate in the informal market, the incentive for MSMEs is not to produce, export and substitute imports, but to flood the domestic market with imported goods.