Uruguay Capital Market: Law-in-the-books or Law-in-action?

Eduardo Siandra (eduardos@decon.edu.uy)
Additional contact information
Eduardo Siandra: Departmento de Economía, Facultad de Ciencias Sociales, Universidad de la República

No 205, Documentos de Trabajo (working papers) from Department of Economics - dECON

Abstract: This paper discusses the process of legal infrastructure reform to build better institutions for capital market development in Uruguay during the 1990s. It contains a description, a brief literature survey, an explanation, and an evaluation. From this we draw lessons and make a prospective analysis of the fate of capital market development under the new political scenario shaped by the first left-wing government in the national history. In particular we find fascinating the conundrum of a legal reform in a country in which the legislator and the politician have played a first order role in the interpretation of the law and regulating the gap between "law-in-the-books" and "law-in-action".

Keywords: bankruptcy; capital markets; finance; common law tradition; civil law tradition; disclosure; law; legal; reform; trust (search for similar items in EconPapers)
JEL-codes: G K Z13 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2005-05
New Economics Papers: this item is included in nep-fmk, nep-law and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hdl.handle.net/20.500.12008/2018 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ude:wpaper:0205

Access Statistics for this paper

More papers in Documentos de Trabajo (working papers) from Department of Economics - dECON Contact information at EDIRC.
Bibliographic data for series maintained by Andrea Doneschi (andrea.doneschi@cienciassociales.edu.uy) and (secretaria.decon@cienciassociales.edu.uy).