Uruguay: Financial System Stability Assessment
May 31, 2013
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The buffers built in the aftermath of Uruguay’s 2002 banking crisis have shielded the financial sector from the effects of the global financial turmoil. Growth has been robust and the outlook continues to be favorable. However, inflation persists but capital inflows have improved, and policy measures have been taken in response. Uruguay exhibits no obvious signs of near-term domestic macrofinancial vulnerability. The external risks to the economy and the financial system come from a fragile global environment, and policy measures are recommended to reduce dollarization.
Subject: Banking, Capital markets, Commercial banks, Credit, Expenditure, Financial institutions, Financial markets, Financial regulation and supervision, Money, Pension spending
Keywords: bank intervention, banking system, bridge bank option, Capital markets, Commercial banks, CR, Credit, financial system, foreign exchange, Global, ISCR, market share, Pension spending, problem bank, resolution framework, risk profile, U.S. dollar
Pages:
50
Volume:
2013
DOI:
Issue:
152
Series:
Country Report No. 2013/152
Stock No:
1URYEA2013003
ISBN:
9781484399255
ISSN:
1934-7685
