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We investigate the effects of credit ratings-contingent financial regulation on foreign bank lending behavior. We examine the sensitivity of international bank flows to debtor countries’ sovereign credit rating changes before and after the implementation of the Basel 2 risk-based capital...
Persistent link: https://www.econbiz.de/10010945108
How does the sovereign credit ratings history provided by independent ratings agencies affect domestic financial sector development and international capital inflows to emerging countries? We address this question utilizing a comprehensive dataset of sovereign credit ratings from Standard and...
Persistent link: https://www.econbiz.de/10012767282
This paper investigates the impacts of the introduction of the euro on the pattern of stock market linkages and the dynamic process of stock market integration over the period from 1989-2003. On a regional level, we examine integration among stock market indices of European Union (EU) countries...
Persistent link: https://www.econbiz.de/10012774439
This paper examines the dynamic relationship between daily stock and government bond returns of selected countries over the past decade to infer the state and progress of inter-financial market integration. We proceed to empirically investigate the influence of the European Monetary Union (EMU)...
Persistent link: https://www.econbiz.de/10012774440
Persistent link: https://www.econbiz.de/10005408554
How does the sovereign credit ratings history provided by independent ratings agencies affect domestic financial sector development and international capital inflows to emerging countries? We address this question utilizing a comprehensive dataset of sovereign credit ratings from Standard and...
Persistent link: https://www.econbiz.de/10005166206
Persistent link: https://www.econbiz.de/10005201775
We investigate the permanent and transitory effects of sovereign credit ratings on time-varying stock and bond market correlations with their respective regional markets for a sample of up to nineteen emerging countries over the period from 1 January 1994 to 1 July 2007. We find that stock and...
Persistent link: https://www.econbiz.de/10010702729
Persistent link: https://www.econbiz.de/10007259894
Persistent link: https://www.econbiz.de/10007095524