Addicted to Ratings: The Case for Reducing Governments’ Reliance on Credit Ratings [PDF]
Credit rating agencies have been blamed for their role in the recent financial crisis, notably for having assigned high ratings to complex financial instruments that yielded billions in losses to investors. As a consequence, a number of reforms have been
Philippe Bergevin
core
Rating agency actions and the pricing of debt and equity of European banks: What can we infer about private sector monitoring of bank soundness? [PDF]
The recent consultative papers by the Basel Committee suggest an explicit role for external rating agencies in the assessment of the credit risk of banks' assets. In this context, an assessment of the information contained in credit ratings is important.
Gropp, Reint, Richards, Anthony J.
core
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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Measurement Issues in Comparing Fiscal Performance of States [PDF]
Interstate comparison of fiscal performance requires use of appropriate concepts and proper measurement of state income, fiscal deficit and debt. GSDP at market prices and a comprehensive concept of debt consistent with the fiscal deficit of a state ...
Dholakia, Ravindra H.
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Rating Banks in Emerging Markets: What Credit Rating Agencies Should Learn from Financial Indicators [PDF]
The rating agencies' and bank supervisors' records of prompt identification of banking problems in emerging markets has not been satisfactory. This paper suggests that such deficiencies could be explained by the use of financial indicators that, while ...
Liliana Rojas-Suarez
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Il rapporto tra impresa e agenzia di rating: la soluzione del multi-rating [PDF]
The credit rating market is characterized by low competition and a potential conflict of interest, due to the system of remuneration of the rating services, which impairs the reliability of the judgement delivered.
Mattarocci, Gianluca
core +1 more source
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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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
core
Stressing rating criteria allowing for default clustering: the CPDO case [PDF]
After a brief review of the literature on rating arbitrage for corporate and structured nance, we introduce the standard criteria adopted by rating agencies to assess riskiness of Constant Proportion Debt Obligations (CPDO). Then, we propose a new rating
Pallavicini, Andrea, Torresetti, Roberto
core +1 more source
Quality of Medicare Skilled Home Health for People Living With Dementia in the US: National Patterns and Implications. [PDF]
J Am Geriatr SocReckrey JM +7 more
europepmc +1 more source