Results 91 to 100 of about 38,731 (202)

Selection in Unsolicited Ratings: the Case of the Sovereign Debt Market [PDF]

, 2017
This paper aims at contributing to the debate on whether unsolicited ratings are strategically motivated. I present evidence from the sovereign debt market that strategic motivation is not necessarily behind the patterns that we see in the data and ...
Gibert, Anna
core  

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

A Critique on the Proposed Use of External Sovereign Credit Ratings in Basel II [PDF]

This paper deals with the proposed use of sovereign credit ratings in the "Basel Accord on Capital Adequacy" (Basel II) and considers its potential effect on emerging markets financ-ing.
Roman Kraeussl
core  

European versus Anglo-Saxon credit view: Evidence from the eurozone sovereign debt crisis

, 2016
We analyse whether different levels of country ties to Europe among the rating agencies Moody's, S&P, and Fitch affect the assignment of sovereign credit ratings, using the Eurozone sovereign debt crisis of 2009-2012 as a natural laboratory. We find that
Altdörfer, Marc, de las Salas Vega, Carlos A., Guettler, Andre, Löffler, Gunter   +3 more
core   +1 more source

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, Eduardo Cavallo, Roberto Rigobon   +2 more
core  

Sovereign Credit Rating, Rating Migration, and the Risk-Free Rate: A Joint Markov Process and Random Walk Modelling of the Risk-Free Rate

Expert Journal of Economics, 2019
The study proposes and tests a risk-free rate model that simultaneously lets the risk-free rate migrate between rating categories as risk-free rate ranges, and follow a random walk within rating categories as risk-free rate ranges.
Brian BARNARD
doaj  

The Structural Power of the State-Finance Nexus: Systemic Delinking for the Right to Development. [PDF]

Development (Rome), 2022
Muchhala B.
europepmc   +1 more source

Popular Attitudes, Globalization, and Risk [PDF]

Popular opposition to globalization may be interpreted as xenophobia or hostility to market economics and signal country risk, including the degree of security risk - the possibility that local staff of facilities could be subject to discriminatory ...
Marcus Noland
core  

Essays in sovereign debt and sovereign credit ratings

, 2017
Defence date: 6 February 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 Internacional This thesis consists of two chapters ...
openaire   +1 more source