I understand how the Fed acts to help stimulate or depress the US economy. Also how they indirectly affect these including mtg rates by buying/selling their paper on the open market.
1)Does the DR central bank do the same thing?
2) What is the prime rate in the DR?
3)The lending environment and progress is greatly constricted with mtg rates around 17-22% just like the US in the 80's. So why isn't the DR central bank unable to maintain interest rates like those in the US?
4) Besides the endemic corruption, why is the DR unable to provide a US style life for all its people? Is it that the money supply is insufficient to accomodate all? Or is it the dollar factor?
1)Does the DR central bank do the same thing?
2) What is the prime rate in the DR?
3)The lending environment and progress is greatly constricted with mtg rates around 17-22% just like the US in the 80's. So why isn't the DR central bank unable to maintain interest rates like those in the US?
4) Besides the endemic corruption, why is the DR unable to provide a US style life for all its people? Is it that the money supply is insufficient to accomodate all? Or is it the dollar factor?