We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … assigned lower ratings, ceteris paribus, than 'old' ones. We find that country-specific factors (in the form of heterogeneous … intercepts) are a crucial determinant of ratings. Whilst 'new' EU countries typically have lower ratings than 'old' ones, after …

We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … lower ratings, ceteris paribus, than old ones. We find that country-specific factors (in the form of heterogeneous … intercepts) are a crucial determinant of ratings. Whilst new EU countries typically have lower ratings than old ones, after …

of harmonized banking supervision, has affected the banking sector in Europe. I perform an event study on banks' stock … and by Debt/GDP reveals that the positive impact of the SSM was stronger for banks in countries that perform poorly with …

When the Covid-19 crisis struck, banks using internal-rating based (IRB) models quickly recognized the increase in risk … and reduced lending more than banks using a standardized approach. This effect is not driven by borrowers' quality or by … banks in countries with credit booms before the pandemic. The higher risk sensitivity of IRB models does not always result …

When the Covid-19 crisis struck, banks using internal-rating based (IRB) models quickly recognized the increase in risk … and reduced lending more than banks using a standardized approach. This effect is not driven by borrowers' quality or by … banks in countries with credit booms before the pandemic. The higher risk sensitivity of IRB models does not always result …

lending. We find that the guidance primarily impacted large, closely supervised banks, but only after supervisors issued … more lax lending policies than banks, we unveil important evidence that nonbanks increased bank borrowing following the … issuance of guidance, possibly to finance their growing leveraged lending. The guidance was effective at reducing banks …

Can corporate governance ratings reduce problems of asymmetric information between companies and investors? To answer … this question, we set out to examine the information basis for providing such ratings by reviewing corporate governance … ratings as a means to reduce asymmetric information in a more general manner. We propose that the rating process may be seen …