Panama: Selected Issues

International Monetary Fund

No 2013/089, IMF Staff Country Reports from International Monetary Fund

Abstract: Panama’s extensive trade and financial linkages make it vulnerable to adverse external shocks, and this would have a sizable impact on Panama’s real activity. In the absence of monetary policy, macroprudential policy tools could usefully complement microprudential tools. A macroprudential supervisory body must possess the ability or power to collect and analyze firm-, market-, and global-level data to detect risks before they develop into full-blown crises. This study analyzes Panama’s tax structure, performance, and administration in order to identify priority areas for further strengthening

Keywords: ISCR; CR; Panama; output fluctuation; revenue; external shock; VAT; Panama canal; banking center; output response; canal traffic; Financial sector stability; Macroprudential policy; Macroprudential policy instruments; Loans; Central America; Global; Western Hemisphere (search for similar items in EconPapers)
Pages: 51
Date: 2013-03-28
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