Elementos para una Reforma Financiera en la Republica Dominicana
Creators:González Vega, Claudio
MetadataShow full item record
Publisher:Ohio State University. Department of Agricultural, Environmental, and Development Economics
Series/Report no.:Ohio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 2006
This paper examines reasons and preferred procedures for a financial reform in the Dominican Republic. Major changes in the international environment require substantial adjustments in the financial sector. The amounts of political will, power, and technical expertise required are substantial. A consensus about the need for the reforms has reflected the lack of capacity of the financial system to continue providing services at the required levels for its traditional clientele. Both depositors and borrowers have searched for alternative sources of financial services, as the public sector has crowded out private firms in bank portfolios. The paper discusses alternative objectives fora financial reform and lists the main areas of concern.
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