Uruguay: Selected Issues

February 1, 2017

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Uruguay: Selected Issues, (USA: International Monetary Fund, 2017) accessed December 22, 2024

Summary

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.

Subject: Banking, Credit, Expenditure, Financial services, Foreign exchange, Income distribution, Money, National accounts, Pension spending, Real interest rates

Keywords: Bank, Caribbean, CR, Credit, Fund staff calculation, Gender wage gap, Global, Income distribution, Inflation expectation, Inflation risk premium, Interest rate, Interest rate gap, ISCR, Neutral interest rate, Pension spending, Real interest rates, South America, Uruguay, Wage

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/029
Stock No:

1URYEA2017002
ISBN:

9781475573626
ISSN:

1934-7685

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