Uruguay: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems
IMF Staff Country Reports, December 14, 2006
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- Uruguay: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems
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Bibliographic details
- Published: December 14, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451839388.002
Financial system resilience
- Improved liquidity and capital adequacy have increased the Uruguayan banking system’s capacity to withstand shocks.
- Proposed amendments are improving the autonomy and accountability of banks.
Remaining macroeconomic and financial risks
- High level of government debt.
- Guarantees to state banks.
- High dollarization.
- High share of nonresident deposits.
Insurance and pension sectors
- The insurance sector suffered from the crisis.
- The pension system weathered the crisis relatively well.
Policy responses and stabilization
- The authorities implemented a stabilization program following the crisis.
Capital markets
- Capital markets in Uruguay are small and illiquid.
International Monetary Fund. Uruguay: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems (IMF Staff Country Reports 2006, 439).
Content in this bundle
- _cr06439 — Executive Summary