TY - BOOK ID - 84657893 TI - Uruguay : Selected Issues. PY - 2014 SN - 1484343565 1475546793 1484343697 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance, Public KW - Cameralistics KW - Public finance KW - Public finances KW - Currency question KW - Exports and Imports KW - Inflation KW - Macroeconomics KW - Real Estate KW - Natural Resource Extraction KW - Price Level KW - Deflation KW - Nonagricultural and Nonresidential Real Estate Markets KW - Industry Studies: Primary Products and Construction: General KW - Trade: General KW - Commodity Markets KW - International economics KW - Property & real estate KW - Extractive industries KW - Currency KW - Foreign exchange KW - Land prices KW - Mining sector KW - Exports KW - Commodity price shocks KW - Prices KW - Economic sectors KW - International trade KW - Housing KW - Mineral industries KW - Fiscal policy KW - Uruguay UR - https://www.unicat.be/uniCat?func=search&query=sysid:84657893 AB - 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. ER -