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Executive Summary The Haitian crisis is no longer limited to insecurity or political instability: it reveals a predatory economy, structured around dollarization, practices of capturing banking rents / practices of rent extraction, and insufficient regulation with regard to the protection of clients’ rights.
Executive Summary The Haitian crisis is no longer limited to insecurity or political instability: it reveals a predatory economy, structured around dollarization, practices of banking rent capture / rent extraction practices, and insufficient regulation with regard to the protection of client rights. These combined dynamics erode purchasing power, weaken households, and undermine confidence in the financial system. The following analysis highlights the extraction mechanisms at work and proposes concrete ways to restore economic integrity and monetary stability. 1) Brief Diagnosis Dollarization in Haiti, historically linked to the weakness of the gourde and the integration of international payment systems, has transformed into a structural dependence. The coexistence of the gourde/dollar now functions as a dual system where market rules are replaced by discretionary practices:formation of the exchange rate in a sort of ‘black box’, over-the-counter negotiations, information asymmetry and absence of depositor protection mechanisms.
