European Parliament Library

Uruguay :, Selected Issues

This Selected Issues paper examines the performance of Uruguay’s exports, external balances, and relative price movements over the past decade and applies the IMF’s standard external sector assessment tools to Uruguay. The results indicate that Uruguay has made important strides in export performance, including expanding markets shares over the past decade, driven by trade competitiveness gains. The current account deficit has remained well contained and more than fully financed by foreign direct investment over the past decade, notwithstanding external shocks. At the same time, the real exchange rate has appreciated strongly in recent years. Standard IMF equilibrium real exchange rate valuation models also suggest that the Uruguayan peso is slightly stronger than its equilibrium level
Table Of Contents
Cover; CONTENTS; AGRICULTURAL LAND PRICES-A CHANNEL IN THE TRANSMISSION OF GLOBAL COMMODITY PRICE SHOCKS ON ECONOMIC ACTIVITY; A. Introduction; B. Some Stylized Facts; FIGURES; 1. Farmland and Commodity Price Developments; C. Food Prices as a Driver of Agricultural Land Prices; D. Empirical Results; E. Concluding Remarks; 2. Impulse Responses to Commodity Price Shocks (Argentina, Brazil, and Uruguay); 3. Impulse Responses to Commodity Price Shocks (Uruguay); 4. Decomposition of Response to Commodity Price Shocks; References; COMPETITIVENESS TRENDS IN URUGUAY; A. Introduction
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (56 p.)
Specific Material Designation
Form Of Item

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