Liberalization and Financial Crisis in Uruguay (1974-1987)
IMF Working Papers, March 1, 1991
Source details
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- Liberalization and Financial Crisis in Uruguay (1974-1987)
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Bibliographic details
- Authors: Alfredo Mario Leone, Juan Pérez-Campanero
- Published: March 1, 1991
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451844849.001
Summary of the content
- 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.
- The paper 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.
Major themes and analytical focus
- Causes and consequences of the 1982 financial crisis in Uruguay.
- Interaction between financial sector developments and the broader economy.
- Role and effect of financial liberalization on the crisis.
- Impact of government policies in banking regulation and supervision on crisis dynamics.
- Measures implemented by the government to address the crisis and restructure the financial system.
Subject classification and keywords
- 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