Has the crisis affected the behavior of the rating agencies? Panel Evidence from the Eurozone

Periklis Boumparis (me138@uom.edu.gr), Costas Milas and Theodore Panagiotidis
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Periklis Boumparis: Department of Economics, University of Macedonia

Discussion Paper Series from Department of Economics, University of Macedonia

Abstract: We examine the determinants of credit ratings for the Eurozone countries over the period 2002-2013 within a panel framework that allows for cross-sectional dependence. We find that government debt and the cumulative current account exert a stronger impact on ratings post-2008 compared to the period before. .

Keywords: credit ratings; sovereign debt; panel data. (search for similar items in EconPapers)
JEL-codes: C13 C5 F3 (search for similar items in EconPapers)
Date: 2015-09, Revised 2015-09
New Economics Papers: this item is included in nep-eec
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Citations: View citations in EconPapers (17)

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Related works:
Journal Article: Has the crisis affected the behavior of the rating agencies? Panel evidence from the Eurozone (2015)
Working Paper: Has the Crisis Affected the Behavior of the Rating Agencies? Panel Evidence from the Eurozone (2015)
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