01770cas a2200241 a 4500 AALejournalIMF009191 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451839388 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Uruguay : Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics; Banking Supervision and Payment Systems. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (55 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Improved liquidity and capital adequacy have increased the Uruguayan banking system's capacity to withstand shocks. However, macroeconomic and financial risks remain owing to the high level of government debt, guarantees to state banks, high dollarization, and a high share of nonresident deposits. The insurance sector also suffered from the crisis, but the pension system weathered it relatively well. The authorities implemented a stabilization program following the crisis. Capital markets in Uruguay are small and illiquid. The proposed amendments are improving the autonomy and accountability of banks. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2006/439 Full text available on IMF http://elibrary.imf.org/view/journals/002/2006/439/002.2006.issue-439-en.xml IMF e-Library