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Liquidity Facilities Provided to Banks during the Dominican Republic Financial Crisis of 2003

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Abstract

As part of an agreement with the International Monetary Fund (IMF), the Central Bank of the Dominican Republic (CBDR) released a comprehensive document providing an overview of the origins and handling of the 2003 financial crisis. This Archive Note builds on the highlights of that document by discussing primary factors that led to problems within Banco Intercontinental (Baninter), the bank that triggered the crisis; detailing measures the CBDR implemented to mitigate the situation; and addressing the consequences for two other major banks, Banco Mercantil and Bancredito.

Suggested Citation

  • Porfirio Martinez, Marco, 2025. "Liquidity Facilities Provided to Banks during the Dominican Republic Financial Crisis of 2003," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 7(1), pages 683-689, April.
  • Handle: RePEc:ysm:ypfsfc:v:7:y:2025:i:1:p:683-689
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1636&context=journal-of-financial-crises
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    Keywords

    Baninter; CBDR; Dominican Republic;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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