Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/40267 
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dc.contributor.authorEliasson, Ann-Charlotteen
dc.date.accessioned2010-07-27-
dc.date.accessioned2010-09-24T14:29:45Z-
dc.date.available2010-09-24T14:29:45Z-
dc.date.issued2002-
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
dc.language.isoengen
dc.publisher|aDeutsche Bank Research |cFrankfurt a. M.en
dc.relation.ispartofseries|aResearch Notes |x02-1en
dc.subject.jelC23en
dc.subject.jelC51en
dc.subject.jelG23en
dc.subject.ddc330en
dc.subject.keywordDynamic modelen
dc.subject.keywordpanel dataen
dc.subject.keywordsovereign credit ratingsen
dc.subject.keywordemerging marketsen
dc.subject.stwLänderrisikoen
dc.subject.stwAufstrebende Märkteen
dc.subject.stwSchätzungen
dc.subject.stwWelten
dc.titleSovereign credit ratings-
dc.typeWorking Paperen
dc.identifier.ppn821868268en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:dbrrns:021en

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