ABSTRACT
The macroeconomic history of the Dominican Republic is beset with episodes of balance of payments and currency crises, and debt default instances. The evolution of GDP growth marked by frequent upswings and troughs encapsulates this behavior over time (see Figure 6.1). It also comprises genuine attempts at economic stabilization. Stabilization attempts go back to the early 1980s and were definitely implemented in the 1990s under an orthodox program termed the New Economic Policy (NEP).
