European Parliament Library

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 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
Table Of Contents
Contents; I. Benefits From Attaining Investment Grade Status and Implications for Panama; A. Introduction; B. Background; Figures; Tables; C. Investment Grade Status and Sovereign Borrowing Costs; D. Sovereign Ratings and Corporate Financing Costs; E. Final Remarks and Implications for Panama; Appendix; References; II. Macro-Financial Linkages in Panama; A. Introduction; B. Background; C. Model and Empirical Implementation; D. Results; Figures; E. Concluding Remarks; Appendix; References
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (30 p.)
Specific Material Designation
Form Of Item

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