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El déficit cuasifiscal del Banco Central de la República Dominicana
[The quasi-fiscal deficit of the Central Bank of the Dominican Republic]

Author

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  • Cruz-Rodríguez, Alexis

Abstract

The objective of this paper is to analyse the quasi-fiscal deficit of the Central Bank of the Dominican Republic, seeing the importance of certificate placements and the accumulation of international reserves on the quasi-fiscal deficit and the implications of said deficit for economic policy. In addition, some proposals are presented for its reduction and/or elimination.

Suggested Citation

  • Cruz-Rodríguez, Alexis, 2006. "El déficit cuasifiscal del Banco Central de la República Dominicana [The quasi-fiscal deficit of the Central Bank of the Dominican Republic]," MPRA Paper 109191, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:109191
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    File URL: https://mpra.ub.uni-muenchen.de/109191/1/MPRA_paper_109191.pdf
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    References listed on IDEAS

    as
    1. Dani Rodrik, 2006. "The social cost of foreign exchange reserves," International Economic Journal, Taylor & Francis Journals, vol. 20(3), pages 253-266.
    2. Mr. George A Mackenzie & Mr. Peter Stella, 1996. "Quasi-Fiscal Operations of Public Financial Institutions," IMF Occasional Papers 1996/008, International Monetary Fund.
    3. Beckerman, Paul, 1997. "Central-bank decapitalization in developing economies," World Development, Elsevier, vol. 25(2), pages 167-178, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Quasi-fiscal deficit; international reserves.;

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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