publication . Article . Preprint . 2013

Uruguay: Financial System Stability Assessment

International Monetary Fund;
Restricted
  • Published: 31 May 2013 Journal: IMF Staff Country Reports, volume 13, page 1 (issn: 1934-7685, Copyright policy)
  • Publisher: International Monetary Fund (IMF)
Abstract
The buffers built in the aftermath of Uruguay’s 2002 banking crisis have shielded the financial sector from the effects of the global financial turmoil. Growth has been robust and the outlook continues to be favorable. However, inflation persists but capital inflows have improved, and policy measures have been taken in response. Uruguay exhibits no obvious signs of near-term domestic macrofinancial vulnerability. The external risks to the economy and the financial system come from a fragile global environment, and policy measures are recommended to reduce dollarization.
Subjects
free text keywords: Uruguay;banking, deposit insurance, capital adequacy, banking system, banking sector
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publication . Article . Preprint . 2013

Uruguay: Financial System Stability Assessment

International Monetary Fund;