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- W176564531 abstract "With the present work I aim to shed new light on the debate on possible pro-cyclicality of the foreign sovereign credit ratings issued by credit rating agencies (CRAs), considering their behavior in the current financial crisis. I find that the assumption of a pro-cyclical behavior of CRAs appears to be groundless when referring to the period 2001-2011. Actually, even though the ratings issued throughout the pre-crisis period (2001-2006) are generally higher than the predicted ones, there is no evidence of CRAs assigning unduly worse ratings during the years of the crisis (2007-2011)." @default.
- W176564531 created "2016-06-24" @default.
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- W176564531 date "2013-01-01" @default.
- W176564531 modified "2023-09-25" @default.
- W176564531 title "Are Sovereign Credit Ratings Pro-Cyclical? A Controversial Issue Revisited in Light of the Current Financial Crisis" @default.
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