Uruguay has recently reverted to a money targeting (MT) framework in the context of a disinflation strategy. We develop …

-sector debt. The analysis is based on emerging market (EM) countries and illustrated by the experience of Uruguay, using data as …

exposed to a significant degree of dollarization, Peru and Uruguay. It is shown that the traditional interest rate channel is … effective in Chile and New Zealand. For Peru and Uruguay, the exchange rate channel is instead more relevant in the transmission … pass through. Finally, it is shown that the on-going de-dollarization process of Peru and Uruguay has somewhat strengthened …

This paper assesses the merits of countercyclical loan loss provisioning in Uruguay. Using a stress test methodology …

are costly to carry. The resulting expression for the optimal level of reserves is calibrated for Uruguay, a country with …

This paper studies how Uruguay''s regulatory framework was gradually strengthened to address shortcomings identified … prudential regulation in Uruguay now generally conforms to high standards while also embracing innovative elements such as …

This paper presents simple computational techniques to examine a variety of effects of the Uruguay Round on developing … the overall balance of payments implications of the Uruguay Round for these countries, while negative, may not be very …