Körner, Finn Marten; Trautwein, Hans-Michael - In: The Journal of Risk Finance 16 (2015) 3, pp. 253-283
sovereign debt and test their sovereign credit ratings for a monetary union bonus in good times and a malus, akin to the … sovereign bond ratings from 1990 until 2012, the panel regression estimation results find strong evidence that EMU countries …Purpose – The purpose of this paper is to test the hypothesis that major credit rating agencies (CRAs) have been …