منابع مشابه
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The reduced accuracy of credit ratings on structured finance products in the boom just preceding the financial crisis has prompted investigation into the business of Credit Rating Agencies (CRAs). While CRAs have long held that reputational concerns discipline their behavior, the value of reputation depends on economic fundamentals that vary over the business cycle. We analyze a dynamic model o...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1723259