Journal of Mathematics, Energy Systems & ICT (MSTIC)

MSTIC es una revista científica de acceso abierto publicada por las Presses universitaires del Institut Universitaire des Sciences (P‑IUS). Revista semestral (2 números al año). Publica investigación original revisada por pares, números temáticos y también puede aceptar monografías y volúmenes colectivos académicos.

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2023-2024: Between Global Disinflation and Domestic Blockages

Authors

  • Pr Christophe Providence

DOI:

https://doi.org/10.66860/mstic.v.i.79

Keywords:

disinflation, blockages, credibility, recession, legitimacy

Abstract

This chapter examines the paradox of 2023-2024. While the international environment experienced gradual disinflation, Haiti benefited only partially because of persistent domestic blockages. Insecurity, logistical paralysis, weak investment, population displacement, and loss of confidence limited the transmission of positive global effects. The BRH continued to defend exchange-rate stability through interventions and liquidity absorption, strengthening its external credibility. Yet this strategy also restricted credit and constrained the real economy. The chapter highlights the paradox of nominal successes and real failures: relative exchange-rate stabilization can coexist with recession, poverty, and weakened domestic legitimacy. Monetary policy thus appears necessary but insufficient.

Author Biography

Pr Christophe Providence

Christophe Providence is a researcher at the Center for Scientific Research (CRS) of the University Institute of Sciences (IUS) in Port-au-Prince, Haiti. His work focuses on the political economy of fragile states, public governance, applied macroeconomics, and development policies. He notably uses the theory of incompatibility of public choices to re-examine monetary trade-offs in the context of state fragility. ORCID: 0000-0002-7602-2797.

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Published

2026-05-16

Issue

2026: Monetary policy, state fragility and hampered development in Haiti (Academic book) - Professor Christophe Providence

Section

Articles