Paraguay: Selected Issues and Statistical Annex

International Monetary Fund

No 1998/015, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Annex on Paraguay analyzes the financial crisis of June 1997. The lingering effects of the 1995 financial crisis and the subsequent deterioration of performance of several Paraguayan domestic banks resulted in a new crisis in 1997. The paper highlights that 9.7 percent of private foreign currency deposits left the banking system during June 13 to July 18, 1997. This paper also examines the Southern Cone Common Market and its implications for Paraguay.

Keywords: ISCR; CR; private sector; foreign currency; banking system; financial system; debt service; central bank; capital formation; Public sector; Commercial banks; Exports; Bank deposits; Public enterprises; Western Hemisphere; Europe; Africa; Asia and Pacific (search for similar items in EconPapers)
Pages: 80
Date: 1998-02-11
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