A Note on Causality between Debt and Sovereign Credit Ratings using Panel Tests

This paper uses linear and nonlinear panel causality tests to empirically explore the direction of causality between external debt stocks and credit ratings for a group of developing countries over the period 1998 to 2008. The results indicate that for the vast majority of the countries in the panel, a bi-directional causal relationship between external debt and sovereign ratings is evident.

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Year of publication:	2011
Authors:	Greenidge, Kevin ; Drakes, Lisa ; Craigwell, Roland

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Greenidge, Kevin and Drakes, Lisa and Craigwell, Roland (2011): A Note on Causality between Debt and Sovereign Credit Ratings using Panel Tests. Forthcoming in:
Classification:	C23 - Models with Panel Data ; H63 - Debt; Debt Management
Source:	BASE

Persistent link: https://www.econbiz.de/10015233493