Liberalization and Financial Crisis in Uruguay (1974-1987)

Author/Editor:

Alfredo Mario Leone ; Juan Pérez-Campanero

Publication Date:

March 1, 1991

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The financial system in Uruguay underwent a serious crisis beginning in 1982, which resulted in the failure of many banks and to a major restructuring of the financial system. This paper examines the causes and consequences of this crisis, exploring the relationship between developments in the financial sector and those in the rest of the economy. It also discusses the effect of financial liberalization, and government policies in banking regulation and supervision on the crisis, as well as the measures that the government took to deal with the crisis.

Series:

Working Paper No. 1991/030

Subject:

Bank deposits Banking Commercial banks Financial crises Financial institutions Financial services Loans Real interest rates

English

Publication Date:

March 1, 1991

ISBN/ISSN:

9781451844849/1018-5941

Stock No:

WPIEA0301991

Pages:

134

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