Credit Rating Agencies: An Overview
نویسندگان
چکیده
منابع مشابه
The Optimal Regulation of Credit Rating Agencies
Credit rating agencies (CRAs) very often have been criticized for announcing inaccurate credit ratings and are suspected of being exposed to conicts of interest. Despite these objections CRAs remained largely unregulated. Based on Pagano & Immordino (2007), we study the optimal regulation of CRAs in a model where rating quality is unobservable and enforcing regulation is costly. The model show...
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ژورنال
عنوان ژورنال: Annual Review of Financial Economics
سال: 2013
ISSN: 1941-1367,1941-1375
DOI: 10.1146/annurev-financial-110112-120942