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Do sukuk ratings non-contingently affect stock returns? : evidence from Indonesia and Malaysia

Qizam, Ibnu - In: Entrepreneurial business and economics review : EBER 9 (2021) 1, pp. 137-153

Objective: The objective of the article is to investigate two issues. First, whether the Islamic bond (sukuk) ratings are the key determinant in affecting stock returns and, second, whether firm-characteristic variables moderate the sukuk ratings effect on stock returns. Research Design &...

Persistent link: https://www.econbiz.de/10012519390

Bond Pricing Before and after EMU From the Experience of the “European South”

A. Antzoulatos, Angelos; Klinaki, Eleni - In: Journal of Economic Integration 17 (2002), pp. 153-163

We use an extensive sample of 763 bonds issued by financial institutions of three countries of the “European South”, in …

Persistent link: https://www.econbiz.de/10010991731

The evolution and determinants of emerging market credit spreads in the 1990s

Kamin, Steven B.; Kleist, Karsten von - Federal Reserve Board (Board of Governors of the … - 1999

This paper develops measures of emerging market credit spreads for the 1990s, based on data on new bond issues and bank … loans, that cover a broader range of borrowers than the Brady bond spreads most commonly used to date. These measures are … used to identify the impacts of credit ratings, maturity and currency denomination on spreads. We find important regional …

Persistent link: https://www.econbiz.de/10005368418

A Framework for the Surveillance of Derivative Activities

Gutierrez, Eva - International Monetary Fund (IMF) - 2005

This paper proposes a framework for the surveillance of financial institutions' derivatives activities. The designed framework builds on information likely to be collected by financial market regulators for supervisory purposes, and/or information collected by market participants for the purpose...

Persistent link: https://www.econbiz.de/10005263815

The new masters of capital : American bond rating agencies and the politics of creditworthiness

Sinclair, Timothy J. - 2005

Persistent link: https://www.econbiz.de/10004825661

Green finance in Europe : actors and challenges

Anyfantaki, Sofia; Migiakis, Petros; Paisiou, Katerina - In: Economic bulletin 55 (2022), pp. 83-105

Persistent link: https://www.econbiz.de/10013402030

The Credit Risk Transfer Market and Stability Implications for U.K. Financial Institutions

Ong, Li L.; Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2006

The increasing ability to trade credit risk in financial markets has facilitated its dispersion across the financial and other sectors. However, specific risks attached to credit risk transfer (CRT) instruments in a market with still-limited liquidity means that its rapid expansion may actually...

Persistent link: https://www.econbiz.de/10005826449

The Systemic Regulation of Credit Rating Agencies and Rated Markets

Sy, Amadou N. R. - International Monetary Fund (IMF) - 2009

Credit ratings have contributed to the current financial crisis. Proposals to regulate credit rating agencies focus on micro-prudential issues and aim at reducing conflicts of interest and increasing transparency and competition. In contrast, this paper argues that macro-prudential regulation is...

Persistent link: https://www.econbiz.de/10008528614

Recent Advances in Credit Risk Modeling

Gasha, Jose Giancarlo; Santos, Andre; Chan-Lau, Jorge A.; … - International Monetary Fund (IMF) - 2009

As is well known, most models of credit risk have failed to measure the credit risks in the context of the global financial crisis. In this context, financial industry representatives, regulators and academics worldwide have given new impetus to efforts to improve credit risk modeling for...

Persistent link: https://www.econbiz.de/10008528651

Rating Government Bonds: Can We Raise Our Grade?

Joffe, Marc D. - In: Econ Journal Watch 9 (2012) 3, pp. 350-365

Yields on sovereign and municipal bonds are largely determined by perceptions of default risk. The traditional … author, a former Senior Director at Moody’s Analytics, argues that rating agency assessments of government bonds suffer from …

Persistent link: https://www.econbiz.de/10010571462