External shocks, financial reforms, and stabilizatiuon attempts in Uruguay during 1974-83

James Hanson and Jaime de Melo

The authors evaluate Uruguay's reforms emphasizing the outcome of financial attempts to bring down inflation. They demonstrate that domestic interest rate deregulation and the removal of prohibition towards holding dollar-denominated assets led to a rise in the ratio of financial assets in GDP. Causes of the persistent and large spread between peso and dollar interest rates adjusted for the preannounced rate of devaluation are scrutinized

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Year of publication:	1985
Authors:	Hanson, James A.
Other Persons:	Melo, Jaime de (contributor)
Published in:	World development : the multi-disciplinary international journal devoted to the study and promotion of world development. - Amsterdam : Elsevier Science, ISSN 0305-750X, ZDB-ID 185339-9. - Vol. 13.1985, 8, p. 917-939
Subject:	Wirtschaftspolitik \| Geldwertbewegung \| Uruguay \| Schock \| Shock \| Finanzmarktregulierung \| Financial market regulation

Type of publication:	Article
Language:	English
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015119454