Tahmoorespour, Reza; Mohamed Ariff; Zarei, Alireza - In: Journal of central banking theory and practice 8 (2019) 2, pp. 85-100
The aim of this study is to identify the economic impacts on G7 banking industry when sovereign rating is revised. We used event study methodology (t-statistics) and found that sovereign rating changes significantly affect share market prices. It seems that there is information leakage prior to...
