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Uruguay 1973-1981: Interrelación entre Shocks Financieros y Reales

By Jaime De Melo, Ricardo Pascale and James Tybout


This paper uses the financial statements of industrial firms to develop an integrated firm's eye view of the changes in the Uruguayan economy during 197381. In the first of three subperiods, 1973-75, real financial costs were very negative and tended to o

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