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background; financial services and regulation; trade agreements and the regulatory interface; current crisis and its implications; potential lessons for reform...
Persistent link: https://www.econbiz.de/10008660295
We use a unique dataset of bond downgrades from a niche rating company that has been found to be reacting faster to publicly available information than its competitors. Using regime-switching models we propose risk measures to quantify stock return disturbances (distress costs) associated with...
Persistent link: https://www.econbiz.de/10005870366