Departing from the existing literature, which associates credit information sharing with improved access to credit in advanced economies, we examine whether credit information sharing can also reduce loan default rate for banks domiciled in developing countries. Using a large dataset covering...

The basic goal of the article is to analyse the impact of credit ratings changes on the rates of return of banks' shares taking into account the level of economy development and the political divisions. There are put the following hypothesis: The banks' share prices react stronger on the credit...