01838cas a2200241 a 4500 AALejournalIMF014127 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484342879 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Uruguay : Selected Issues. Washington, D.C. : International Monetary Fund, 2014. 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 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/007 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/007/002.2014.issue-007-en.xml IMF e-Library