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Credit Rating Agencies: An Overview
White, Lawrence J. - In: Annual Review of Financial Economics 5 (2013) 1, pp. 93-122
Credit rating agencies (CRAs) play a central role in the debt (bond) markets of many countries. CRAs have also attracted a considerable amount of public and policy attention during the past decade, especially with respect to their role in the financial crisis of 2008–2009 and their role in the...
Persistent link: https://www.econbiz.de/10010709604
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Markets: The Credit Rating Agencies
White, Lawrence J. - In: Journal of Economic Perspectives 24 (2010) 2, pp. 211-26
respect to the credit rating industry: One route would tighten the regulation of the rating agencies, while the other route …
Persistent link: https://www.econbiz.de/10008577551
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The Credit Rating Agencies and Their Role in the Financial System
White, Lawrence J. - 2018
the prudential regulation of financial institutions and the problems that contributed to the financial crisis of 2008. The … chapter concludes with a discussion of the likely direction of the CRAs and their regulation …
Persistent link: https://www.econbiz.de/10012917213
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The Gramm-Leach-Bliley Act of 1999 : A Bridge Too Far? Or Not Far Enough?
White, Lawrence J. - 2011
The Gramm-Leach Bliley Act (GLBA), which was hailed at the time of its enactment in 1999, has recently been flailed by critics who claim that it was a major cause of the financial crisis of 2007-2009. These critics often call for a revival of the Glass-Steagall barriers between commercial...
Persistent link: https://www.econbiz.de/10013125407
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When Time Is Not on Our Side : The Costs of Regulatory Forbearance in the Closure of Insolvent Banks
Cole, Rebel A. - 2017
In this paper, we empirically estimate the costs of delay in the FDIC's closures of 433 commercial banks between 2007 and 2014 based upon a counterfactual closure regime. We find that the costs of delay could have been as high as $18.5 billion, or 37% of the FDIC's estimated costs of closure of...
Persistent link: https://www.econbiz.de/10012970582
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The Credit Rating Agencies : An Analysis Through the Lenses of Industrial Organization, Finance, and Regulation
White, Lawrence J. - 2016
has developed within both disciplines with respect to regulation – for an analysis of the credit rating industry …
Persistent link: https://www.econbiz.de/10012996708
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Preventing Bubbles : What Role for Financial Regulation?
White, Lawrence J. - 2011
regulation and argues that such efforts would, at best, be ineffective and, at worst, could squelch productive and efficient … asset pricing. Instead, policy makers should focus on better regulatory efforts – better prudential regulation – to …
Persistent link: https://www.econbiz.de/10013125396
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Financial Regulation and the Current Crisis : A Guide for the Antitrust Community
White, Lawrence J. - 2009
will offer a guide to the antitrust community that will cover the U.S. financial sector, financial regulation, and the … debacle and subsequent financial crisis. The tensions that can arise between financial regulation and antitrust will be … market power. Although much progress has been made in removing anticompetitive elements from financial regulation over the …
Persistent link: https://www.econbiz.de/10013158068
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The credit rating agencies : an analysis through the lenses of industrial organization, finance, and regulation
White, Lawrence J. - 2016
Persistent link: https://www.econbiz.de/10011535404
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Reexamining Financial Innovation after the Global Financial Crisis
Frame, W. Scott; White, Lawrence J. - In: The Social Value of the Financial Sector:Too Big to …
AbstractThe following sections are included:IntroductionBackground1Three Usual SuspectsCredit Default SwapsStructured Investment VehiclesSecuritizationConclusionsReferences
Persistent link: https://www.econbiz.de/10011206579