| Description |
1 online resource (61 pages) : color illustrations |
| Series |
IMF Country Reports ; no. 16/338 |
|
IMF country report ; no. 16/338.
|
| Contents |
Assessing the effectiveness of Panama's fiscal framework -- Assessing liquidity buffers in the Panamanian banking sector -- Economic effects of Panama's offshore banking sector -- Inclusive growth in Panama -- Spillovers from the Panama Canal expansion |
| Summary |
Panama adopted a rule-based fiscal framework in 2008. This law, its subsequent amendments, other related laws and by laws defined a rule-based fiscal framework. The implementation of the fiscal framework, however, revealed certain challenges. This note assesses the scope for improving the design and implementation of the fiscal framework in light of best practices. -- This paper assesses the resilience of Panamanian banks' to (i) a very severe short-term, and (ii) a significant long-lasting liquidity shock scenario. Short-term liquidity buffers are evaluated by approximating the Liquidity Coverage Ratio (LCR) defined in the Basel III accord. The specific risk of losing a substantial part of foreign funding in the context of de-risking by major international banks is analyzed through a conventional liquidity stress test scrutinizing several layers of liquidity across maturity buckets |
| Notes |
"May 6, 2016; approved by the Western Hemisphere Department; Prepared by Ana Ahijado, Metodij Hadzi-Vaskov, Andras Komaromi, Fang Yang (all WHD), Diego Cerdeiro (SPR), and Torsten Wezel (MCM)"--Page 2 of pdf |
|
"November 2016." |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from pdf title page (IMF.org website, viewed November 16, 2016) |
| Subject |
International Monetary Fund -- Panama
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Banks and banking -- Panama
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Banks and banking, Foreign -- Panama
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Economic development -- Panama
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Fiscal policy -- Panama
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Liquidity (Economics)
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Banks and banking, Foreign
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Banks and banking
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Economic development
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Fiscal policy
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Liquidity (Economics)
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| SUBJECT |
Panama Canal (Panama) -- Design and construction
|
| Subject |
Panama -- Panama Canal
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|
Panama
|
| Form |
Electronic book
|
| Author |
Ahijado, Ana, author.
|
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Cerdeiro, Diego A., author.
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Hadzi-Vaskov, Metodij, author, (IMF staff),, author
|
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Komaromi, Andras, author.
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Wezel, Torsten, author.
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Yang, Fang, author
|
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International Monetary Fund, issuing body.
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International Monetary Fund. Western Hemisphere Department, issuing body.
|
| ISBN |
1475550863 |
|
9781475550863 |
|
