Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Western Hemisphere > Panama

You are looking at 1 - 10 of 133 items for

  • Type: Journal Issue x
Clear All Modify Search
Cover IMF Staff Country Reports
Panama: Technical Assistance Report-Macroprudential Policy Frameworks
International Monetary Fund. Monetary and Capital Markets Department
At the request of the Superintendency of Banks of Panama (SBP), IMF’s Monetary and Capital Markets Department (MCM) provided two technical assistance (TA) missions in 2021 on macroprudential policy. This TA report is about the first mission, which evaluated the overall macroprudential policy framework in Panama, covering (1) the institutional arrangements; (2) the framework to assess systemic risks to prepare for policy actions; and (3) the policy toolkit. The assessment was conducted based on the IMF guidance (IMF, 2014), taking into account the country-specific circumstances in Panama. The TA report summarizes the mission’s findings and recommendations that were discussed with the authorities.
Keywords:
Financial sector stability Financial sector policy and analysis Macroprudential policy Macroprudential policy instruments; SBP plan; policy objective; TA project; policy action; Policy evaluation; SBP's communication; Macroprudential policy; Financial sector stability; Systemic risk; Systemic risk assessment; Commercial banks; Central America
Cover IMF Staff Country Reports
Panama: Technical Assistance Report-Macroprudential Policy Frameworks
International Monetary Fund. Monetary and Capital Markets Department
At the request of the Superintendency of Banks of Panama (SBP), IMF’s Monetary and Capital Markets Department (MCM) provided two technical assistance (TA) missions in 2021 on macroprudential policy. This TA report is about the first mission, which evaluated the overall macroprudential policy framework in Panama, covering (1) the institutional arrangements; (2) the framework to assess systemic risks to prepare for policy actions; and (3) the policy toolkit. The assessment was conducted based on the IMF guidance (IMF, 2014), taking into account the country-specific circumstances in Panama. The TA report summarizes the mission’s findings and recommendations that were discussed with the authorities.
Cover IMF Working Papers
Coming Clean on Your Taxes
Sebastian Beer and Ruud A. de Mooij
This paper develops a simple model to explore whether a higher detection probability for offshore tax evaders—e.g. because of improved exchange of information between countries and/or due to digitalization of tax administrations—renders it optimal for governments to introduce a voluntary disclosure program (VDP) and, if so, under what terms. We find that if the VDP is unanticipated, it is likely to be optimal for a revenue-maximizing government to introduce a VDP with relatively generous terms, i.e. a low or even negative penalty. When anticipated, however, the VDP is neither incentive compatible nor optimal, as it induces otherwise compliant taxpayers to evade tax. A VDP can then only be beneficial if tax evasion induces an external social cost beyond the direct revenue foregone, e.g., due to adverse effects on overall tax morale. In contrast to the common view that VDPs should come along with additional enforcement effort, we find that governments should relax enforcement if the VDP itself provides more powerful incentives to come clean.