Cover IMF Staff Country Reports
Paraguay: Selected Issues and Statistical Annex
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1998: Issue 015
Language:
English
Publication Date:
11 Feb 1998
DOI:
https://doi.org/10.5089/9781451832341.002
ISBN:
9781451832341
ISSN:
1934-7685
Pages:
80
Keywords:
ISCR; CR; private sector; foreign currency; banking system; financial system; debt service; central bank; capital formation; Public sector; Commercial banks; Exports; Bank deposits; Public enterprises; Western Hemisphere; Europe; Africa; Asia and Pacific
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This Selected Issues paper and Statistical Annex on Paraguay analyzes the financial crisis of June 1997. The lingering effects of the 1995 financial crisis and the subsequent deterioration of performance of several Paraguayan domestic banks resulted in a new crisis in 1997. The paper highlights that 9.7 percent of private foreign currency deposits left the banking system during June 13 to July 18, 1997. This paper also examines the Southern Cone Common Market and its implications for Paraguay.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1998: Issue 015