Panama : Selected Issues Paper.

This paper presents empirical evidence on the effects of achieving investment grade on borrowing costs for the sovereign and the private sector. This study provides background information on sovereign credit ratings and compares Panama's key macroeconomic and institutional characteristics with...

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Бібліографічні деталі
Співавтор: International Monetary Fund
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2010.
Серія:IMF Staff Country Reports; Country Report ; No. 2010/315
Онлайн доступ:Full text available on IMF
Опис
Резюме:This paper presents empirical evidence on the effects of achieving investment grade on borrowing costs for the sovereign and the private sector. This study provides background information on sovereign credit ratings and compares Panama's key macroeconomic and institutional characteristics with those of other emerging markets. Statistical evidence on the reduction in sovereign spreads associated with obtaining investment grade status and the impact of the sovereign's upgrade on corporate financing costs were also discussed. The model is estimated using a variety of panel regression techniques.
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Фізичний опис:1 online resource (30 pages)
Формат:Mode of access: Internet
ISSN:1934-7685
Доступ:Electronic access restricted to authorized BRAC University faculty, staff and students