Ratings Rating Agencies and the Global Financial System is popular PDF and ePub book, written by Richard M. Levich in 2012-12-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Ratings Rating Agencies and the Global Financial System can be Read Online from any device for your convenience.
Ratings Rating Agencies and the Global Financial System Book PDF Summary
Ratings, Rating Agencies and the Global Financial System brings together the research of economists at New York University and the University of Maryland, along with those from the private sector, government bodies, and other universities. The first section of the volume focuses on the historical origins of the credit rating business and its present day industrial organization structure. The second section presents several empirical studies crafted largely around individual firm-level or bank-level data. These studies examine (a) the relationship between ratings and the default and recovery experience of corporate borrowers, (b) the comparability of credit ratings made by domestic and foreign rating agencies, and (c) the usefulness of financial market indicators for rating banks, among other topics. In the third section, the record of sovereign credit ratings in predicting financial crises and the reaction of financial markets to changes in credit ratings is examined. The final section of the volume emphasizes policy issues now facing regulators and credit rating agencies.
Detail Book of Ratings Rating Agencies and the Global Financial System PDF
- Author : Richard M. Levich
- Release : 06 December 2012
- Publisher : Springer Science & Business Media
- ISBN : 9781461509998
- Genre : Business & Economics
- Total Page : 380 pages
- Language : English
- PDF File Size : 13,5 Mb
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