Document Type
Note
Case Series
Ad hoc Emergency Liquidity Programs
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 Bancrédito.
Recommended Citation
Porfirio Martínez, Marco
(2025)
"Liquidity Facilities Provided to Banks during the Dominican Republic Financial Crisis of 2003,"
Journal of Financial Crises: Vol. 7
:
Iss. 1, 683-689.
Available at:
https://elischolar.library.yale.edu/journal-of-financial-crises/vol7/iss1/26
Date Revised
2025-04-15
Included in
Banking and Finance Law Commons, Economic History Commons, Finance Commons, Finance and Financial Management Commons, Law and Economics Commons, Policy Design, Analysis, and Evaluation Commons, Public Administration Commons