descriptionPublicationkeyboard_double_arrow_right Article , Preprint 01 Jan 2006 English Publisher:International Monetary Fund (IMF)Journal:IMF Staff Country Reports, volume 10, page 1 (issn: 1934-7685,

Authors: International Monetary Fund;

doi: 10.5089/9781451839456.002 , 10.5089/9781484342879.002 , 10.5089/9781484395301.002 , 10.5089/9781484339824.002 , 10.5089/9781475573626.002 , 10.5089/9781451839432.002 , 10.5089/9781498384223.002 , 10.5089/9781451839364.002

Uruguay: Selected Issues

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Abstract

Uruguay’s inflation and inflation expectations exceed the inflation target, and the gap has been widening in recent years. To help bring it to the mid-point of the target, Banco Central del Uruguay (BCU) needs to maintain a tightening bias in addition to strengthening its communication. This paper examined the factors behind the composition of FDI flows to Uruguay and suggested that strong institutions and macroeconomic stability have helped attract FDI to the secondary and tertiary sectors. Flexibility of the labor market, financial deepening, and the quality of infrastructure can further this improvement.

Keywords

Economic growth;Exchange rate depreciation;Monetary policy;Selected Issues Papers;Uruguay;United States;urban areas, income inequality, unemployment, population, Credit risk;Commodity price fluctuations;Commodity prices;Banking;Business cycles;Exchange rate assessments;Exchange rate adjustments;Economic models;Loans;Selected issues;Real effective exchange rates;Regional shocks;Uruguay;exchange rate, real exchange rate, real exchange, current account, exchange rates, Agricultural sector;Commodity prices;Mining sector;Land prices;Fiscal policy;Inflation;Global competitiveness;Selected issues;Uruguay;agricultural land, agricultural productivity, agricultural output, Economic models;External shocks;Commodity prices;Credit expansion;Selected issues;Inflation;food prices, exchange rate, monetary policy, international monetary fund, Uruguay;inflation, monetary policy, inflation targeting, central bank, Dollarization;Competition;Credit demand;Credit risk;Currencies;Current account;Bank credit;Banking systems;Bonds;Economic growth;External debt;External sector;Exchange rate depreciation;Financial crisis;Pensions;Public investment;Real effective exchange rates;Selected issues;Gross domestic product;Uruguay;international monetary fund, public sector, balance of payments, foreign currency, Dollarization;Bank credit;Banking systems;Financial systems;External financing;Reserves;Selected issues;Inflation;Monetary policy;exchange rate, central bank, international monetary fund

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