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Uruguay

Chapter

Abstract

This chapter reviews the financial liberalization reforms undertaken in Uruguay and their long-run effects. The reforms enacted in the 1970s created an institutional framework that has survived a deep recession and a severe financial crisis (1981–83), several negative external shocks (such as the debt crisis of the early 1980s) and the transition from the military dictatorship to democracy in 1985.

Keywords

Exchange Rate Interest Rate Central Bank Real Exchange Rate Credit Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© International Development Research Centre 1998

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