Monetary Problems of an Export Economy: The Cuban Experience, 1914-1947

abroad active agency American amount appear balance of payments Banco bank credit become capital cause cent central bank circulation coins considerable continued cost countries course crop Cuba Cuba's Cuban currency debt decree demand deposits depreciation direct discount dollar domestic economy effect elasticity estimate exchange control existing expansion exports fact factors financing forced foreign function funds further gold hand Havana holdings imports income increase industry institutions interest internal investment issue June Latin latter less limited liquidity loans means measure ment million monetary money supply moratorium operations origin period peso position possible practice present probably problem produced profits purchases reason reduced regarded remained reserves result rise savings securities silver situation stability sugar Table tended tion trade Treasury United volume York