Hooper, Vince; Hume, Timothy; Kim, Suk-Joong - In: Economic Systems 32 (2008) 2, pp. 142-166
The purpose of this paper is to examine the impact of sovereign rating changes on international financial markets using a comprehensive database of 42 countries, covering the major regions in the world over the period 1995-2003. In general, we find that rating agencies provide stock and foreign...
