Bonuses, Credit Rating Agencies and the Credit Crunch [PDF]
The payment of bonuses can bring big benefits. But harm, too, can result. In the financial sector, this is especially true, above all when they are related to noisy indicators of performance over brief periods. This paper starts by exploring these ideas,
Guy Spier, Peter Sinclair, Tom Skinner
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Credit Rating As a Factor of Stability in the Global Capital Market
Economic Analysis, 2014 Credit rating has an outstanding importance on the capital market. Opinions and assessments of rating agencies help us to improve growth, stability and efficiency of international and domestic markets, which now include over 80 trillion dollars of rated ...
Ismail Musabegović +2 more
doaj
Policy Issues Concerning the Reform of the Credit Rating Agencies [PDF]
, 2009 Proposes creating a private board of securitization market participants with a public mandate to set standards and encourage their adoption, improving transparency and realigning the incentives of rating agencies and others with those of final ...
Richard J. Herring
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Rating Shopping and Rating Inflation: Empirical Evidence from Israel [PDF]
The collapse of structured bond ratings during the 2007-2008 financial crisis called attention to the possibility of rating inflation due to lowered rating standards and rating shopping.
Inna Bakalyar, Koresh Galil
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Conflicts of interest’s management within credit rating agencies [PDF]
The recent financial crisis triggered by the spectacular drop of the prices of financial instruments backed by subprime loans brought back into spotlight the role played by the credit rating agencies (CRAs) in the structured finance field.
Cristian MARZAVAN, Tănase STAMULE
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Do Credit Rating Agencies Add Value? Evidence from the Sovereign Rating Business Institutions [PDF]
If rating agencies add no new information to markets, their actions are not a public policy concern. But as rating changes may be anticipated, testing whether ratings add value is not straightforward.
Andrew Powell +2 more
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What Can and Cannot Be Done about Rating Agencies [PDF]
The constantly developing global financial system needs better risk assessments than Credit Rating Agencies (CRAs) have been collectively able to deliver during recent crises.
Nicolas Veron
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Courage to Capital? A Model of the Effects of Rating Agencies on Sovereign Debt Role-over [PDF]
We propose a model of rating agencies that is an application of global game theory in which heterogeneous investors act strategically. The model allows us to explore the impact of the introduction of a rating agency on financial markets.
Galina B. Hale, Mark A. Carlson
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Exploring the Impact of Race/Ethnicity Match on Relationship Quality: Incorporating Parent and Home Visitor Perspectives. [PDF]
Matern Child Health JTang S, Jacob R, Friedman MF.
europepmc +1 more source
Comparing the accuracy of default predictions in the rating industry: The case of Moody's vs. S&P [PDF]
We consider 1927 borrowers from 54 countries who had a credit rating by both Moodys and S&P as of the end of 1998, and their subsequent default history up to the end of 2002.
Güttler, André, Krämer, Walter
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