Starting December 18th, Cuba has a new mechanism for households and the private sector to formally engage in FX transactions. The Central Bank has now formalized Segment III of the foreign-exchange market, with the rate operating under a managed float.

The third issue of our newsletter about the Cuban economy is out.

Check it out here: preview.mailerlite.io/emails/webvi...

My advise on tariffs

1. Don't tax intermediate goods
2. Don't tax everything under the sun

www.ft.com/content/d950...

Interesting interview with Ha-Joon Chang on industrialization in India, with an evergreen lesson on the role that financial incentives play and how they need to be managed.

Can be somewhat applied to the past year in the US.

frontline.thehindu.com/interviews/i...

I’m excited to share that I launched a newsletter, Cuba Economic Review, published by the Cuba Study Group.

You can read the first issue here: preview.mailerlite.io/emails/webvi...

and subscribe here: cubastudygroup.org/newsletter/