World Scientific Publishing Company Incorporated
Exchange Rates and Global Financial Policies
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Springer
Ratings, Rating Agencies and the Global Financial System
Product Code:
9781461353447
ISBN13:
9781461353447
Condition:
New
$118.37
Ratings, Rating Agencies and the Global Financial System
$118.37
Ratings, Rating Agencies and the Global Financial System brings together the research of economists at New York University and the University of Maryland, along with those from the private sector, government bodies, and other universities. The first section of the volume focuses on the historical origins of the credit rating business and its present day industrial organization structure. The second section presents several empirical studies crafted largely around individual firm-level or bank-level data. These studies examine (a) the relationship between ratings and the default and recovery experience of corporate borrowers, (b) the comparability of credit ratings made by domestic and foreign rating agencies, and (c) the usefulness of financial market indicators for rating banks, among other topics. In the third section, the record of sovereign credit ratings in predicting financial crises and the reaction of financial markets to changes in credit ratings is examined. The final section of the volume emphasizes policy issues now facing regulators and credit rating agencies.
| Author: Richard M. Levich |
| Publisher: Springer |
| Publication Date: Oct 31, 2012 |
| Number of Pages: 379 pages |
| Binding: Paperback or Softback |
| ISBN-10: 1461353440 |
| ISBN-13: 9781461353447 |
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