Caporale, Guglielmo Maria; Matousek, Roman; Stewart, Chris - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our aim is to assess whether "old" and "new" EU countries are rated differently and to determine whether "new" ones are assigned lower ratings, ceteris paribus, than "old" ones. We...