Series: Occasional Papers
Author(s): R. Gelos , Alejandro Lopez Mejia , and Marco Piñón-Farah
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 July 2008
Keywords: Dollarization, Banking sector, Exchange rate regimes, External sector, Fiscal sustainability, Fiscal reforms, inflation, monetary policy, central bank, foreign currency
This chapter examines the determinants of Uruguayan sovereign spreads. In particular, it analyzes to what extent sovereign spreads have been driven by economic fundamentals or by external factors. It also as...