Uruguay

Nelson Noya, Carlos Casacuberta and Fernando Lorenzo

Chapter 6 in Financial Reform in Developing Countries, 1998, pp 156-193 from Palgrave Macmillan

Abstract: Abstract This chapter reviews the financial liberalization reforms undertaken in Uruguay and their long-run effects. The reforms enacted in the 1970s created an institutional framework that has survived a deep recession and a severe financial crisis (1981–83), several negative external shocks (such as the debt crisis of the early 1980s) and the transition from the military dictatorship to democracy in 1985.

Keywords: Exchange Rate; Interest Rate; Central Bank; Real Exchange Rate; Credit Market (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26871-9_6

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DOI: 10.1007/978-1-349-26871-9_6

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