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Impuesto cambiario y subsidios : Uruguay 1937-1959

Author

Listed:
  • Magdalena Bertino

    () (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía)

  • Reto Bertoni

    () (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía)

  • Ulises García Repetto

    () (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía)

Abstract

This paper explores the distributional impacts associated with the formation and management of the Exchange Difference Fund in Uruguay during the period 1937-1959. Under the economic crisis of the thirties and the implementation of mechanisms to cope with it, the government assumed the control over the foreign exchange market and thus the possibility of establishing by his discretion the values of foreign currency, especially the price that was to rule in any transaction of purchase or sale of it. The study of this Fund offers the possibility of an approximation –at a micro level- of the sources that have financed public spending, its destination and the redistributive impact of government’s fiscal policy.

Suggested Citation

  • Magdalena Bertino & Reto Bertoni & Ulises García Repetto, 2006. "Impuesto cambiario y subsidios : Uruguay 1937-1959," Documentos de Trabajo (working papers) 06-06, Instituto de Economía - IECON.
  • Handle: RePEc:ulr:wpaper:dt-06-06
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    File URL: http://www.iecon.ccee.edu.uy/download.php?len=es&id=140&nbre=dt-06-06.pdf&ti=application/x-download&tc=Publicaciones
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    More about this item

    Keywords

    public spending; redistributive impact; control over foreign exchange market;

    JEL classification:

    • N46 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Latin America; Caribbean
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy

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