Dominican Republic
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1994-1995 , pp 303-311
- Publication Date: December 1995
- DOI: https://doi.org/10.18356/4c2ce166-en
- Language: English
The uncertainty generated by the Dominican Republic's upcoming elections was a factor of overriding importance during the first eight months of the year; it contributed to a deterioration in fiscal and external accounts, helped to fuel expectations of a devaluation as well as inflationary pressures, and played a part in the erosion of international reserves. In September, after the elections, the authorities began to implement new fiscal, monetary and exchange policies which led to an improvement in the economic picture: aggregate demand contracted, the exchange rate stabilized in banking and non-bank markets, and international reserves made a partial recovery.
© United Nations
ISBN (PDF):
9789210583008
Book DOI:
https://doi.org/10.18356/78f1d816-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Dominican Republic
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