IMF Staff Country Reports

Uruguay: Selected Issues

February 19, 2010

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Uruguay: Selected Issues, (USA: International Monetary Fund, 2010) accessed September 18, 2024

Summary

This Selected Issues paper provides a real exchange rate and competitiveness assessment for Uruguay. It looks at the recent developments in key external competitiveness indicators such as the bilateral real effective exchange rates, export volumes, export market shares, export unit values, unit labor costs as well as foreign direct investment performance. The paper pursues an assessment of the real exchange rate following a broad-based strategy of applying four different approaches, including the purchasing power parity approach, the macroeconomic balance approach, the external sustainability approach, and the equilibrium real exchange rate approach.

Subject: Commodity price shocks, Commodity prices, Financial crises, Financial institutions, Foreign exchange, Loans, Prices, Real exchange rates

Keywords: CA balance, Commodity price shocks, Commodity prices, CR, Default history, Dynamic provisions, Exchange rate, GDP growth, Global, Impulse response, ISCR, Loan, Loan loss, Loans, Output fluctuation, Real exchange rates, Trade dependency, Uruguay, Western Hemisphere

Publication Details

  • Pages:

    62

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/043

  • Stock No:

    1URYEA2010001

  • ISBN:

    9781451839456

  • ISSN:

    1934-7685