Bhaumik, Sumon; Landon-Lane, John S. - William Davidson Institute, University of Michigan - 2007
matrices across different groups of countries and across different economic conditions.
As in Jafry & Schuermann (2004) we ….1 Brief Review of the Methodological Literature
The dynamics, and in particular the mobility, of sovereign debt ratings is … business cycle when estimating credit
migration matrices, that the migration matrices are sensitive to the underlying economic …