Cover IMF Staff Country Reports
Uruguay: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 043
Language:
English
Publication Date:
19 Feb 2010
DOI:
https://doi.org/10.5089/9781451839456.002
ISBN:
9781451839456
ISSN:
1934-7685
Pages:
62
Keywords:
ISCR; CR; Uruguay; exchange rate; loan; dynamic provisions; loan loss; impulse response; GDP growth; output fluctuation; default history; CA balance; trade dependency; Commodity prices; Real exchange rates; Commodity price shocks; Loans; Global; Western Hemisphere
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This Selected Issues paper provides a real exchange rate and competitiveness assessment for Uruguay. It looks at the recent developments in key external competitiveness indicators such as the bilateral real effective exchange rates, export volumes, export market shares, export unit values, unit labor costs as well as foreign direct investment performance. The paper pursues an assessment of the real exchange rate following a broad-based strategy of applying four different approaches, including the purchasing power parity approach, the macroeconomic balance approach, the external sustainability approach, and the equilibrium real exchange rate approach.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2010: Issue 043