Rating the Rating Agencies [PDF]
In this study, we begin by assessing the ability of sovereign credit ratings to anticipate crises. In addition, given the wave of sovereign credit ratings downgrades that have followed the crises in Asia, we investigate formally the extent to which ...
Goldstein, Morris +2 more
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Passing judgement: credit rating processes as regulatory mechanisms of governance in the emerging world order [PDF]
, 1994 This article argues that certain knowledge-producing institutions located in the American financial industry- debt security or bond rating agencies -are significant forces in the creation and extension of the new, open global political economy and ...
Sinclair, Timothy J.
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The Impact of Risk Management in Credit Rating Agencies
Risks, 2017 An empirical study was conducted to determine the impact of different types of risk on the performance management of credit rating agencies (CRAs). The different types of risks were classified as operational, market, business, financial, and credit.
A. Seetharaman +4 more
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Rate expectations: what can and cannot be done about rating agencies [PDF]
Credit rating agencies have been under the spotlight since the beginning of the current financial crisis. They failed in their assessment of US residential mortgage- based securities in the mid-2000s.
Nicolas Véron
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Modelling the role of credit rating agencies : Do they spark off a virtuous circle? [PDF]
, 2005 In this paper, we propose a model of credit rating agencies using the global games framework to incorporate information and coordination problems.
Bannier, Christina E., Tyrell, Marcel
core
Have credit rating agencies become more stringent towards Japanese regional banks? [PDF]
This article investigates empirically whether foreign and domestic credit rating agencies tightened their standards for evaluating Japanese regional banks from 2000 to 2009.
Kondo, Kazumine
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Do changes in sovereign credit ratings contribute to financial contagion in emerging market crises? [PDF]
, 2003 Credit rating changes for long-term foreign currency debt may act as a wake-up call with upgrades and downgrades in one country affecting other financial markets within and across national borders. Such a potential (contagious) rating effect is likely to
Kräussl, Roman
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Credit rating in dynamic response to the nature of firms and the business model of rating agencies: evidence from the Chinese bond market. [PDF]
Heliyon, 2022 Huo Y, Gong B.
europepmc +1 more source
Avoiding the rating bounce : why rating agencies are slow to react to new information [PDF]
, 2002 Rating agencies state that they take a rating action only when it is unlikely to be reversed shortly afterwards. Based on a formal representation of the rating process, I show that such a policy provides a good explanation for the empirical evidence ...
Löffler, Gunter
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COUNTRY RISK EVALUATION IMPACT ON FDI FLOW. MEDIUM RUN EVIDENCE FROM ROMANIA [PDF]
Annals of the University of Petrosani: Economics, 2014 During the last two decades, Romanian economy suffered numerous changes, with direct impact in the socio-economic and political life. This affected also the investment environment, the degree of attractiveness for investors and the flow of FDIs.
EMILIA UNGUREANU +2 more
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