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An Empirical Investigation of Bankers' Perceptions of Country Creditworthiness

By Evanor D. Palac-McMiken

Abstract

Utilizing time-wise autoregressive model to investigate the perception of the international community on the Philippines, which has suffered from debt crisis in 1982, indicates that banker’s creditworthiness assessments are sensitive not only from liquidity and solvency but also from long-term structural risk. It also provides evidence of regional contamination. One-way fixed effects panel data analysis lends validity that banker’s creditworthiness are influenced by “non-quantifiable” country-specific risks presumed to transpire from socio-political conditions.banking system, credit program, credit market, credit access

OAI identifier: oai:RePEc:phd:dpaper:jpd_1993_vol._xx_no._2-b

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Citations

  1. (1978). A Maximum Likelihood Procedure t'or Regression with Autoc0rrelated Errors." Econometrica
  2. (1977). Economic Indicators and Country Risk Appraisal." Economic Review of the Federal Reserve Bank of San Francisco
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