Results 1 to 10 of about 2,461 (302)

Sovereign Credit Rating Mismatches [PDF]

SSRN Electronic Journal, 2017
We study the factors behind split ratings in sovereign credit ratings from different agencies, for the period 1980-2015. We employ random effects ordered and simple probit approaches to assess the explanatory power of different macroeconomic, government and financial variables. Our results show that structural balances and the existence of a default in
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Sovereign Bankruptcy in the Perspective of the ASEAN Integration

Recoletos Multidisciplinary Research Journal, 2015
This paper recognizes the presence of sovereign debt as primary means of financing its expenditures. It practically covers the gaps between cash outflows and inflows from a country’s revenues such as those coming from taxes.
Yener C. Cabalida, Alessa Joy D. Cruz, Kristine June D. Uy, Marjurie Lourince E. Zanoria   +3 more
doaj   +1 more source

A Continuous-Time Inequality Measure Applied to Financial Risk: The Case of the European Union

International Journal of Financial Studies, 2018
In this paper, we apply information theory measures and Markov processes in order to analyse the inequality in the distribution of the financial risk in a pool of countries.
Guglielmo D’Amico, Philippe Regnault, Stefania Scocchera, Loriano Storchi   +3 more
doaj   +1 more source

Algebraic Combinatorics in Financial Data Analysis: Modeling Sovereign Credit Ratings for Greece and the Athens Stock Exchange General Index

AppliedMath
This study investigates the relationship between sovereign credit rating transitions and domestic equity market performance, focusing on Greece from 2004 to 2024. Although credit ratings are central to sovereign risk assessment, their immediate influence
Georgios Angelidis, Vasilios Margaris
doaj   +1 more source

A new approach to K-nearest neighbors distance metrics on sovereign country credit rating

Kuwait Journal of Science
This study introduces feature importance K-nearest neighbors (FIKNN), an innovative adaptation of the K-nearest neighbors (KNN) algorithm tailored for classifying sovereign country credit ratings.
doaj   +1 more source

Sovereign risk: An estimation model for the determinants of sovereign ratings

, 2016
The purpose of this study is to understand the determinants of sovereign risk which is assessed by sovereign ratings. Multiple regression model was used to estimate the coefficients of related macroeconomic and qualitative factors and linear transformation method is used to identify the dependent variable based on Fitch Ratings December 2015 sovereign ...
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Essays in sovereign debt and sovereign credit ratings

, 2017
Examining Board: Professor Piero Gottardi, European University Institute (Supervisor); Professor Arpad Abraham, European University Institute; Professor Luisa Lambertini , Ecole Polytechnique Federale de Lausanne; Professor Alberto Martin , Centre de Recerca en Economia ...
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Would an earlier inception of OMT by the ECB have prevented the 2012 Greek default?

International Review of Economics & Finance
To avert further debt crises following the Greek default of 2012, the European Central Bank (ECB) adopted outright purchases of sovereign bonds as part of its monetary policy regime. This paper examines whether an earlier inception of such purchases (OMT)
Nicolas Mäder
doaj   +1 more source

The risks from climate change to sovereign debt. [PDF]

Clim Change, 2022
Zenios SA.
europepmc   +1 more source

Sovereign ratings and finance ministers’ characteristics

, 2019
This paper empirically assesses the effect of a newly-compiled set of finance ministers´ characteristics on the setting by rating agencies of the long-term sovereign rating notations. Using a sample of 26 EU countries between 1980-2012, we find that the existence of more focused delegation-oriented fiscal framework, the Minister of Finance being a ...
Afonso, António, Jalles, João Tovar
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