Uruguay Selected Issues

This Selected Issues paper presents an overview of inter-sectoral exposures in Uruguay. The Uruguayan financial system has been characterized by solid balance sheets, a low level of credit, and continued high dollarization since the crisis in 2002. However, pockets of vulnerability remain, especiall...

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Bibliographic Details
Corporate Author: International Monetary Fund Western Hemisphere Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Uruguay  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2017 
300 |a 62 pages 
651 4 |a Uruguay 
653 |a Depository Institutions 
653 |a Interest rates 
653 |a Credit 
653 |a Banks 
653 |a Pension spending 
653 |a Finance 
653 |a Labour 
653 |a Social Security and Public Pensions 
653 |a Income distribution 
653 |a Banks and banking 
653 |a Monetary economics 
653 |a Financial services 
653 |a Real interest rates 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Micro Finance Institutions 
653 |a Aggregate Factor Income Distribution 
653 |a Mortgages 
653 |a National accounts 
653 |a Money 
653 |a Labor 
653 |a Expenditure 
653 |a Banks and Banking 
653 |a Pensions 
653 |a Macroeconomics 
653 |a Banking 
653 |a Interest Rates: Determination, Term Structure, and Effects 
653 |a Public Finance 
653 |a Money and Monetary Policy 
653 |a Income economics 
653 |a Foreign exchange 
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490 0 |a IMF Staff Country Reports 
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520 |a This Selected Issues paper presents an overview of inter-sectoral exposures in Uruguay. The Uruguayan financial system has been characterized by solid balance sheets, a low level of credit, and continued high dollarization since the crisis in 2002. However, pockets of vulnerability remain, especially after the recent slowdown in economic growth. Nonfinancial public sector (NFPS) gross debt is fairly high at 48 percent of GDP. The NFPS as well as the public sector as a whole have a net open foreign currency position. The nonbank financial system also has a large exposure to government debt