Abstract

QUIJANO, José Manuel. Some lessons of the recent banking crises: The Uruguayan case. Inv. Econ [online]. 2005, vol.64, n.252, pp.123-157. ISSN 0185-1667.

The paper inquires into some characteristics of the present banks and on the outcomes they have had during the last years. The Uruguayan and the Argentinean cases are analysed both in their 1982 important exchange and bank crisis and 20 years later, in 2002, their new and larger which had economic and social consequences. The first chapter explores the present bank particularly the short term capital movements across the border. The second chapter deals what happens to the bank deposits during the crisis. The third one refers to the different ways in which bank institutions are saved, as well as the strategies followed by governments to recover the loans of the banks with difficulties. The forth chapter deals with the ways government management of the both in and Uruguay. The paper finishes with some reflections on the exchange, bank and stock market crisis suffered by Uruguay and the possible consequences for this financial center.

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