Financial crises, credit ratings, and bank failures: An introduction

Reinhart, Carmen (2002): Financial crises, credit ratings, and bank failures: An introduction. Published in: World Bank Economic Review , Vol. 149-15, No. 2 (August 2002): p. 151.

Abstract

Three of the papers in this volume address various aspects of these issues—in particular as regards the behavior and impact of sovereign credit ratings and the development of a portfolio model that lends itself to testing the vulnerability of banks. Two of the papers address issues related to the usefulness and impacts of sovereign credit ratings. A third paper is concernend with the default of banks. Or more precisely, how to limit bank failures through capital and provisioning measures.

• Item Type: MPRA Paper
• Language: English
• Keywords: Financial crises rating agencies default
• Subjects: F - International Economics > F3 - International Finance > F30 - General; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics

References

Balzarotti, Veronica, Michael Falkenheim, and Andrew Powell “On the Use of Portfolio Risk Models and Capital Requirements in Emerging Markets: The Case of Argentina,” World Bank Economic Review Vol. 16 , No. 2 , 2002, 197-212

Kaminsky, Graciela, Richard Lyons and Sergio Schmukler “Mutual Fund Investment in Emerging Markets: An Overview,” World Bank Economic Review, Vol. 16 Issue 2, May 2001, 315-340.

Reinhart, Carmen M., “Default, Currency Crises, and Sovereign Credit Ratings” World Bank Economic Review, Vol. 16 No. 2, 2002, 151-170