The name is absent



17c - Emerging economies

__________Brazil__________

______Malaysia______

_______Mexico_______

South Africa

_______Thailand_______

1998     2005

1998     2005

1998     2005

1998     2005

1998

2005

*⅛Moody's

raS&P
Q≤

Fitch__________________

B2( 3)     Ba3 (5)

BB- (5)    BB- (5)

B+ (4)     BB- (5)

Baa3 (8)   A3 (11)

BBB- (8)   A- (11)

BB (6)     A- (11)

Ba2 (7) Baa1 (10)
BB (6) BBB (9)
BB (6) BBB (9)

Ba1 (7) Baa 1 (10)

BBB- (8) BBB+ (10)

BB+ (7) BBB+ (10)

Baa3 (8) Baa1 (10)
BB+ (7) BBB+ (10)

BB (6) BBB+ (10)

M Macro contribution
,Gov. contribution
о

° External contribution

-0.59

-0.49

-0.39

1.00

1.19

1.37

0.95

1.17

1.39

0.79

1.03

1.27

0.91

1.19

1.47

-0.37

-0.16

0.06

-1.06

-0.79

-0.53

0.26

0.45

0.64

0.34

0.61

0.88

-0.31

-0.14

0.04

-0.15

0.18

0.50

-0.70

-0.35

-0.01

0.13

0.26

0.38

0.28

0.38

0.48

-0.36

-0.12

0.12

≥--------------

Overall change_____

-1.11

-0.47

0.17

-0.76

0.04

0.83

1.34

1.88

2.42

1.41

2.02

2.64

0.24

0.94

1.64

Macro contribution

-0.19

-0.16

-0.13

0.77

0.91

1.05

0.71

0.88

1.05

0.86

0.99

1.13

0.70

0.92

1.13

⅛Gov. contribution

E External contribution

-1.01

-0.84

-0.67

-0.93

-0.73

-0.53

0.25

0.40

0.54

0.75

0.96

1.17

-0.68

-0.54

-0.40

-0.22

0.06

0.34

-0.56

-0.28

0.00

-0.06

0.04

0.15

0.00

0.08

0.17

-0.15

0.06

0.26

Overall change_____

-1.42

-0.94

-0.45

-0.71

-0.10

0.52

0.90

1.32

1.73

1.61

2.04

2.46

-0.13

0.43

0.99

Macro contribution

-0.56

-0.49

-0.41

1.04

1.14

1.25

1.26

1.39

1.52

0.92

1.09

1.25

0.80

0.89

0.97

о Gov. contribution
External contribution

-0.46

-0.28

-0.11

-0.61

-0.40

-0.18

-0.08

0.08

0.24

0.91

1.14

1.37

-0.18

-0.03

0.12

0.72

1.36

2.01

0.12

0.52

0.91

0.13

0.35

0.56

-0.06

0.07

0.20

0.43

0.86

1.28

Overall change_____

-0.30

0.60

1.49

0.55

1.26

1.97

1.31

1.82

2.32

1.76

2.30

2.83

1.06

1.72

2.38

Notes: The block contributions were calculated using the changes in the variables multiplied by the short-run coefficients estimated by
random effects ordered probit, and then aggregated. The only exception was unemployment, for which we used the long-run coefficient. The
upper and lower bounds where calculated using plus and minus one standard deviation.

$ The quantitative rating scale is in brackets.

51



More intriguing information

1. Synthesis and biological activity of α-galactosyl ceramide KRN7000 and galactosyl (α1→2) galactosyl ceramide
2. Foreword: Special Issue on Invasive Species
3. Rent Dissipation in Chartered Recreational Fishing: Inside the Black Box
4. The name is absent
5. Three Policies to Improve Productivity Growth in Canada
6. SOCIOECONOMIC TRENDS CHANGING RURAL AMERICA
7. The name is absent
8. The Tangible Contribution of R&D Spending Foreign-Owned Plants to a Host Region: a Plant Level Study of the Irish Manufacturing Sector (1980-1996)
9. Motivations, Values and Emotions: Three Sides of the same Coin
10. THE UNCERTAIN FUTURE OF THE MEXICAN MARKET FOR U.S. COTTON: IMPACT OF THE ELIMINATION OF TEXTILE AND CLOTHING QUOTAS