Coverart for item
The Resource Are Rating Agencies Powerful? An Investigation Into the Impact and Accuracy of Sovereign Ratings, John Kiff

Are Rating Agencies Powerful? An Investigation Into the Impact and Accuracy of Sovereign Ratings, John Kiff

Label
Are Rating Agencies Powerful? An Investigation Into the Impact and Accuracy of Sovereign Ratings
Title
Are Rating Agencies Powerful? An Investigation Into the Impact and Accuracy of Sovereign Ratings
Statement of responsibility
John Kiff
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
We find that Credit Rating Agencies (CRA)'s opinions have an impact in the cost of funding of sovereign issuers and consequently ratings are a concern for financial stability. While ratings produced by the major CRAs perform reasonably well when it comes to rank ordering default risk among sovereigns, there is evidence of rating stability failure during the recent global financial crisis. These failures suggest that ratings should incorporate the obligor's resilience to stress scenarios. The empirical evidence also supports: (i) reform initiatives to reduce the impact of CRAs' certification services; (ii) more stringent validation requirements for ratings if they are to be used in capital regulations; and (iii) more transparency with regard to the quantitative parameters used in the rating process
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Kiff, John
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
K544 2012 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Nowak, Sylwia
  • Schumacher, Liliana
Series statement
IMF Working Paper
Series volume
WP/12/23
http://library.link/vocab/subjectName
  • Asian Crisis
  • Credit Ratings
  • Emerging Markets
  • Financial Institutions and Services: General
  • Rating Agencies
  • Sovereign Ratings
  • Bulgaria
  • Iceland
  • Korea, Republic of
  • Romania
  • United States
Label
Are Rating Agencies Powerful? An Investigation Into the Impact and Accuracy of Sovereign Ratings, John Kiff
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2012023
Dimensions
unknown
Extent
1 online resource (35 pages)
Form of item
online
Isbn
9781463931858
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781463931858.001
Specific material designation
remote
System control number
(IMF)WPIEA2012023
Label
Are Rating Agencies Powerful? An Investigation Into the Impact and Accuracy of Sovereign Ratings, John Kiff
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2012023
Dimensions
unknown
Extent
1 online resource (35 pages)
Form of item
online
Isbn
9781463931858
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781463931858.001
Specific material designation
remote
System control number
(IMF)WPIEA2012023

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