Liberalization and Financial Crisis in Uruguay (1974-1987)

By Alfredo Mario Leone, Juan Pérez-Campanero

March 1, 1991

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Alfredo Mario Leone, and Juan Pérez-Campanero. Liberalization and Financial Crisis in Uruguay (1974-1987), (USA: International Monetary Fund, 1991) accessed September 19, 2024

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.

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

Keywords: Balance of payments, Banco de Italia, Banco de la República Oriental del Uruguay, Bank asset, Bank deposits, Banking system, Basic rate, Commercial banks, Crawling peg, Creditor bank, Financial activity, Financial crisis, Foreign currency, Global, Inflation rate, Loans, Monetary management, Prime lending rate, Private sector, Real interest rates, Uruguayan peso, WP

Publication Details

Pages:

134
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1991/030
Stock No:

WPIEA0301991
ISBN:

9781451844849
ISSN:

1018-5941

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