1.

Record Nr.

UNINA9910165035003321

Titolo

Uruguay : : Selected Issues

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2017

ISBN

1-4755-7364-2

1-4755-7374-X

Descrizione fisica

1 online resource (63 pages) : color illustrations, tables, graphs

Collana

IMF Staff Country Reports

Disciplina

332.4109895

Soggetti

Inflation (Finance) - Uruguay

Banks and Banking

Labor

Macroeconomics

Money and Monetary Policy

Public Finance

Interest Rates: Determination, Term Structure, and Effects

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Aggregate Factor Income Distribution

Social Security and Public Pensions

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Finance

Monetary economics

Banking

Labour

income economics

Pensions

Pension spending

Real interest rates

Foreign exchange

Income distribution

Expenditure

Financial services

Credit

Money

National accounts



Interest rates

Banks and banking

Income economics

Uruguay

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references at the end of each chapters.

Sommario/riassunto

This Selected Issues paper presents an overview of inter-sectoral exposures in Uruguay. The Uruguayan financial system has been characterized by solid balance sheets, a low level of credit, and continued high dollarization since the crisis in 2002. However, pockets of vulnerability remain, especially after the recent slowdown in economic growth. Nonfinancial public sector (NFPS) gross debt is fairly high at 48 percent of GDP. The NFPS as well as the public sector as a whole have a net open foreign currency position. The nonbank financial system also has a large exposure to government debt.