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Impact of the Dodd-Frank act on credit ratings
Dimitrov, Valentin; Palia, Darius; Tang, Leo - In: Journal of Financial Economics 115 (2015) 3, pp. 505-520
issue downgrades that are less informative. These results are consistent with the reputation model of Morris (2001), and … suggest that CRAs become more protective of their reputation following the passage of Dodd-Frank. Consistent with Morris (2001 …׳s have stronger incentives to protect their reputation (Becker and Milbourn, 2011). Our results are not driven by business …
Persistent link: https://www.econbiz.de/10011208260
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Basel 3, Dodd-Frank and sovereign exposures of US banks
Ely, David P.; Salehizadeh, Mehdi - In: International Journal of Financial Services Management 6 (2013) 2, pp. 118-137
The Dodd-Frank Wall Street Reform and Consumer Protection Act calls for the elimination of references to credit ratings in US banking regulations. This study's key finding is that US banks' lending to foreign borrowers does not appear to have been closely and consistently correlated with changes...
Persistent link: https://www.econbiz.de/10010691667
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Israel; Detailed Assessment of IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund (IMF); International … - 2012
Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...
Persistent link: https://www.econbiz.de/10011242660
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Emergence of Rating Agencies : Implications for Establishing a Regional Rating Agency in Asia
Tsai, Ying Yi; Liu, Li-Gang - East Asian Bureau of Economic Research (EABER) - 2010
The present analysis sheds light on the setting up a regional rating agency in Asia in the wake of recent financial crisis. We investigate the policy facing a financial regulator while evaluating whether or not to admit new entrants into the credit rating market. In an incomplete contracting...
Persistent link: https://www.econbiz.de/10009363867
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Empirical Research on Corporate Credit-Ratings: A Literature Review
Matthies, Alexander B. - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2013
We report on the current state and important older findings of empirical studies on corporate credit ratings and their relationship to ratings of other entities. Specifically, we consider the results of three lines of research: The correlation of credit ratings and corporate default, the...
Persistent link: https://www.econbiz.de/10010602092
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Bonitätsanalyse mit Hilfe von Rating-Agenturen
Krag, Joachim; Schmelz, Michael; Seekamp, Volker - 1998
Persistent link: https://www.econbiz.de/10004372658
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Rating Agencies and Sovereign Debt Rollover
Carlson, Mark; Hale, Galina - In: Topics in Macroeconomics 6 (2006) 2, pp. 1375-1375
In order to explore how credit ratings may affect financial markets, we analyze a global game model of debt roll-over in which heterogeneous investors act strategically. We find that the addition of the rating agency has a non-monotonic effect on the probability of default and the magnitude of...
Persistent link: https://www.econbiz.de/10005086972
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Eligibility of External Credit Assessment Institutions
Suvova, Helena; Kozelkova, Eva; Zeman, David; Bauerova, … - Česká Národní Banka - 2005
The Basel Committee on Banking Supervision in 1999 issued a draft New Basel Capital Accord (Basel 2). Its principles are to be incorporated into the European legislation and into the Czech banking regulations. The Standardised Approach to calculating the capital requirement for credit risk is...
Persistent link: https://www.econbiz.de/10005405580
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Die Kreditfähigkeit der österreichischen Landwirtschaft
Raab, Gustav - 1961
Persistent link: https://www.econbiz.de/10002670511
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Commercial banks the creditworthiness of less developed countries
Euh, Yoon-Dae - 1979
Persistent link: https://www.econbiz.de/10004175740