This paper analyses banking regulation in Uruguay during the period of state-led industrialization. We aim to fill a hole in the national economic historiography, which has paid scant attention to this topic, and to advance in consonance with recent developments in the Latin American...

This document describes the evolution of the public debt services, their incidence on the Central Government expenditure and their links to the budgetary imbalances in Uruguay, between 1935 and 1959. The extent up to which the public indebtedness has questioned the fiscal sustainability along...

This paper aims to contribute to the interpretation of the economic history of Uruguay during the first decades of the 20th century. Although there is abundant literature about this period, public finances still need in-depth study. We offer an overview of the fiscal budget of the Central...

In this paper the Uruguayan public indebtedness from 1905 to 1939 is estimated. The timeframe covers a particular historical period characterized by the end of the “civil wars”, the consolidation of the political power of batllists and the settlement of agreements in order to restore the...

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...

This paper discusses the process of implementing income taxes in Uruguay during the period 1961-1973. The study examines the failure of a previous implementation in the twenties, detailing the positions of the various political parties which tended to appear again during the parliamentary debate...

The evolution of the Uruguayan economy during the first half of the twentieth century showed an uneven performance of its productive sectors. The importance of carrying out an analysis of this topic lies in the possibility of identifying the phenomena associated with the major structural change...

This paper analyzes the evolution of the social security system in Uruguay, from the 19th century to the re-institutionalization of the “Banco de Previsión Social” (BPS) in 1986. It is common to consider that the legislation of retirement began in 1896 with the foundation of the first fund;...

Protection of unemployed workers constituted a subject of concern in the Uruguayan politic agenda already in the early 20th century. The problem was tried to be solved basically through three instruments: retirement by dismissal (“jubilación por despido”) and unemployment insurance,...

Institutions and their quality are central concepts in the recent development and institutional economics literatures. Our hypothesis is that inadequate contract enforcement has hindered investment and, in consequence, indirectly has had a negative effect on Uruguay’s long-term growth...