Bhaumik, Sumon; Landon-Lane, John S. - William Davidson Institute, University of Michigan - 2007
components. We show, using sovereign debt ratings as an example, that this directional decomposition allows us to better …, using sovereign debt
ratings as an example, that this directional decomposition allows us to better un-
derstand the … migration, Mobility, Sovereign debt
JEL Classification: F34 G15 H63
∗We thank Moody’s Investors Service, and Kristin Lindow in …