Ratings, rating agencies and the global financial system: Summary and policy implications

Reinhart, Carmen; Levich, Richard and Majoni, Giovanni (2002): Ratings, rating agencies and the global financial system: Summary and policy implications. Unpublished.

Abstract

In this introductory chapter, we begin with a brief overview of the issues that have Motivated our research into the role of credit ratings and credit rating agencies in the global financial system. We then summarize the main themes in each of the papers and highlight the major findings. In the final section, we suggest several policy implications and conclusions that can be drawn from this research.

• Item Type: MPRA Paper
• Language: English
• Keywords: Rating credit sovereign corporate risk lending
• Subjects: D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D53 - Financial Markets; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems

References

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Atkinson,Thomas R. (1967). Trends in Corporate Bond Quality. New York: National Bureau of Economic Research, distributed by Columbia University Press.