Has the Crisis Affected the Behavior of the Rating Agencies? Panel Evidence from the Eurozone
Periklis Boumparis (),
Costas Milas () and
Theodore Panagiotidis ()
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Periklis Boumparis: Department of Economics, University of Macedonia, Greece
Working Paper series from Rimini Centre for Economic Analysis
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.
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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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Persistent link: https://EconPapers.repec.org/RePEc:rim:rimwps:15-30
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