EconStor >
Deutsche Bank Research, Frankfurt am Main >
Research Notes, Deutsche Bank Research >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/40267
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorEliasson, Ann-Charlotteen_US
dc.date.accessioned2010-07-27en_US
dc.date.accessioned2010-09-24T14:29:45Z-
dc.date.available2010-09-24T14:29:45Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/40267-
dc.description.abstractThis paper describes sovereign credit ratings in emerging markets both for a specific year and over time, using quantitative explanatory variables. It turns out that rating adjustments have been worse than what economic fundamentals justify for some countries and also more frequently altered, questioning the long-term properties of sovereign ratings. The results support the view that rating changes during the Asian crisis have been procyclical rather than counter-cyclical. Omitted variables, such as soundness of banking sector, social and political factors, can be one reason for this misalignment but cannot explain all.en_US
dc.language.isoengen_US
dc.publisherDt. Bank Research Frankfurt am Mainen_US
dc.relation.ispartofseriesResearch notes in economics & statistics 02-1en_US
dc.subject.jelC23en_US
dc.subject.jelC51en_US
dc.subject.jelG23en_US
dc.subject.ddc330en_US
dc.subject.keywordDynamic modelen_US
dc.subject.keywordpanel dataen_US
dc.subject.keywordsovereign credit ratingsen_US
dc.subject.keywordemerging marketsen_US
dc.subject.stwLänderrisikoen_US
dc.subject.stwAufstrebende Märkteen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleSovereign credit ratingsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn345120442en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:dbrrns:021-
Appears in Collections:Research Notes, Deutsche Bank Research

Files in This Item:
File Description SizeFormat
345120442.pdf194.64 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.