Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/40267
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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.publisher|aDeutsche Bank Research |cFrankfurt a. M.en_US
dc.relation.ispartofseries|aResearch notes in economics & statistics |x02-1en_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.type|aWorking Paperen_US
dc.identifier.ppn821868268en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:dbrrns:021-

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