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Liberalization and Financial Crisis in Uruguay (1974-1987)

Author

Listed:
  • Mr. Alfredo Mario Leone
  • Mr. Juan Pérez-Campanero

Abstract

The financial system in Uruguay underwent a serious crisis beginning in 1982, which resulted in the failure of many banks and to a major restructuring of the financial system. This paper examines the causes and consequences of this crisis, exploring the relationship between developments in the financial sector and those in the rest of the economy. It also discusses the effect of financial liberalization, and government policies in banking regulation and supervision on the crisis, as well as the measures that the government took to deal with the crisis.

Suggested Citation

  • Mr. Alfredo Mario Leone & Mr. Juan Pérez-Campanero, 1991. "Liberalization and Financial Crisis in Uruguay (1974-1987)," IMF Working Papers 1991/030, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1991/030
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    Citations

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    Cited by:

    1. Mr. Luis Ignacio Jácome, 2015. "Central Banking in Latin America: From the Gold Standard to the Golden Years," IMF Working Papers 2015/060, International Monetary Fund.
    2. Blejer, Mario I. & del Castillo, Graciana, 1998. ""Deja Vu all over again?": The Mexican crisis and the stabilization of Uruguay in the 1970s," World Development, Elsevier, vol. 26(3), pages 449-464, March.

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