Are Sovereign Credit Ratings Pro-Cyclical? A Controversial Issue Revisited in Light of the Current Financial Crisis Abstract: With the present work I aim to shed new light on the debate on possible pro-cyclicality of the foreign sovereign credit ratings issued by credit rating agencies (CRAs), considering their behavior in the current financial crisis. I find that the assumption of a pro-cyclical ...
| Year of publication: |
2013
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|---|---|
| Authors: | Giacomino, Paolo |
| Published in: |
Rivista di Politica Economica. - SIPI Spa, ISSN 0035-6468. - 2013, 4, p. 79-111
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| Publisher: |
SIPI Spa |
| Subject: | credit ratings | rating agencies | pro-cyclicality | sovereign debt |
| Type of publication: | Article |
|---|---|
| Classification: | E44 - Financial Markets and the Macroeconomy ; F30 - International Finance. General ; G24 - Investment Banking; Venture Capital; Brokerage ; H63 - Debt; Debt Management |
| Source: |
Persistent link: https://www.econbiz.de/10010858722