The Statistical Determinants of Local Currency Sovereign Ratings.

This paper presents the first systematic analysis of the determinants of local currency sovereign ratings and uses ordered probit estimation. We find no signifiant quantitative impact for the best theoretical indicators of local currency creditworthiness, the fiscal balance and the rate of inflation, while a proxy for the reputation of the sovereign plays a significant role.

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Year of publication:	2000
Authors:	Trevino, L. ; Thomas, S.
Institutions:	Economics Division, University of Southampton
Subject:	CURRENCIES \| RISK \| CREDIT

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Series:	University of Southampton - Department of Accounting and Management Science.
Type of publication:	Book / Working Paper
Notes:	35 pages
Classification:	G15 - International Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005640647