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

Periklis Boumparis, Costas Milas () and Theodore Panagiotidis ()

Economics Letters, 2015, vol. 136, issue C, 118-124

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: C5 C13 F3 (search for similar items in EconPapers)
Date: 2015
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Working Paper: Has the crisis affected the behavior of the rating agencies? Panel Evidence from the Eurozone (2015) Downloads
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