Ratings since the Asian Crisis

Helmut Reisen

No DP2002-02, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The increased importance of rating agencies for emerging-market finance has brought their work to the attention of a wider group of observers - and under criticism. This paper evaluates whether the importance of ratings for developing-country finance has changed since the Asian Crisis and whether rating agencies have modified the determinants for their rating decisions. It also provides an analysis on recent suggestions by the Basel Committee on Banking Supervision, as these are very important for gauging the future role of sovereign ratings for foreign debt finance in developing countries.

Keywords: Economic assistance and foreign aid; Financial crisis; Financial institutions; International; Rating agencies (Finance) (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (10)

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