Finance and Economic Situation in Uruguay: The Montevideo Stock Exchange,1867-1945

This paper argues that Uruguay has a long tradition in the liberalization of its finances, materialized in a little-known aspect: the strength of its stock exchange. To demonstrate this, we present several indices of contribu­tions, from its origins up to the end of World War II, and other indicato...

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Autor principal: Moreno Lázaro, Javier
Formato: Artículo publishedVersion
Lenguaje:Español
Publicado: Centro de Estudios de Historia Económica Argentina y Latinoamericana (CEHEAL) 2023
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Acceso en línea:https://ojs.economicas.uba.ar/H-ind/article/view/2928
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=hindus&d=2928_oai
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spelling I28-R145-2928_oai2026-02-09 Moreno Lázaro, Javier 2023-12-15 This paper argues that Uruguay has a long tradition in the liberalization of its finances, materialized in a little-known aspect: the strength of its stock exchange. To demonstrate this, we present several indices of contribu­tions, from its origins up to the end of World War II, and other indicators of the capitalization of the Uruguayan economy, all of them reveal a strong rise of stock market activity until 1913, when control of the exchange fell into the hands of the State and was from that point onwards financed from abroad. En este trabajo se sostiene la tesis de que Uruguay tiene una dilatada tradición en la liberalización de sus finanzas, materializada en un aspecto muy poco conocido: la pujanza de su Bolsa. Para demostrarlo, presento varios índices de cotizaciones desde sus orígenes hasta el fin de la Segunda Guerra Mundial y otros indicadores de capita­lización de la economía uruguaya. Todos ellos revelan una fuerte pujanza de la actividad bursátil hasta 1913 en que el control de la Bolsa cayó en manos del Estado, de manera que la gran empresa uruguaya se financió desde entonces en el exterior. application/pdf text/html https://ojs.economicas.uba.ar/H-ind/article/view/2928 10.56503/H-Industria/n.33(17)pp.137-173 spa Centro de Estudios de Historia Económica Argentina y Latinoamericana (CEHEAL) https://ojs.economicas.uba.ar/H-ind/article/view/2928/3809 https://ojs.economicas.uba.ar/H-ind/article/view/2928/3799 H-industria. Journal of the History of Industry and Development in Latin America; No. 33 (17): Second Semester 2023; 137-173 H-industria. Revista de historia de la industria y el desarrollo en América Latina; Núm. 33 (17): Segundo Semestre 2023; 137-173 H-industria. Revista sobre a história da indústria e desenvolvimento na América Latina; n. 33 (17): Segundo Semestre 2023; 137-173 1851-703X Uruguay Financial market Debt Uruguay Mercado de valores Deuda Finance and Economic Situation in Uruguay: The Montevideo Stock Exchange,1867-1945 Finanzas y coyuntura económica en Uruguay: La Bolsa de Montevideo, 1867-1945 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=hindus&d=2928_oai
institution Universidad de Buenos Aires
institution_str I-28
repository_str R-145
collection Repositorio Digital de la Universidad de Buenos Aires (UBA)
language Español
orig_language_str_mv spa
topic Uruguay
Financial market
Debt
Uruguay
Mercado de valores
Deuda
spellingShingle Uruguay
Financial market
Debt
Uruguay
Mercado de valores
Deuda
Moreno Lázaro, Javier
Finance and Economic Situation in Uruguay: The Montevideo Stock Exchange,1867-1945
topic_facet Uruguay
Financial market
Debt
Uruguay
Mercado de valores
Deuda
description This paper argues that Uruguay has a long tradition in the liberalization of its finances, materialized in a little-known aspect: the strength of its stock exchange. To demonstrate this, we present several indices of contribu­tions, from its origins up to the end of World War II, and other indicators of the capitalization of the Uruguayan economy, all of them reveal a strong rise of stock market activity until 1913, when control of the exchange fell into the hands of the State and was from that point onwards financed from abroad.
format Artículo
publishedVersion
author Moreno Lázaro, Javier
author_facet Moreno Lázaro, Javier
author_sort Moreno Lázaro, Javier
title Finance and Economic Situation in Uruguay: The Montevideo Stock Exchange,1867-1945
title_short Finance and Economic Situation in Uruguay: The Montevideo Stock Exchange,1867-1945
title_full Finance and Economic Situation in Uruguay: The Montevideo Stock Exchange,1867-1945
title_fullStr Finance and Economic Situation in Uruguay: The Montevideo Stock Exchange,1867-1945
title_full_unstemmed Finance and Economic Situation in Uruguay: The Montevideo Stock Exchange,1867-1945
title_sort finance and economic situation in uruguay: the montevideo stock exchange,1867-1945
publisher Centro de Estudios de Historia Económica Argentina y Latinoamericana (CEHEAL)
publishDate 2023
url https://ojs.economicas.uba.ar/H-ind/article/view/2928
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=hindus&d=2928_oai
work_keys_str_mv AT morenolazarojavier financeandeconomicsituationinuruguaythemontevideostockexchange18671945
AT morenolazarojavier finanzasycoyunturaeconomicaenuruguaylabolsademontevideo18671945
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