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id=1364525. Altman, Edward, and Herbert Rijken. 2004. How rating agencies achieve stability. Journal of Banking and Finance 28 (11): 2679–2714. Altman, Edward I., and Herbert A. Rijken. 2006. A point-in-time perspective on through-the-cycle ratings. Financial Analysts Journal 62 (1): 54–70. Altman, Edward, and Herbert Rijken. 2010. Improving rating agency default pre- dictions by adding outlook and watch list categories: Comparison with point in time models. Vrije University, Amsterdam, Working Paper and NYU Department of Finance Working Paper (Summer). Ashcraft, Adam, Paul Goldsmith-Pinkham, and James Vickery. 2009. MBS ratings and the mortgage credit boom. Working paper. Becker, Bo, and Todd Milbourn. 2008. Reputation and competition: Evidence from the credit rating industry. Working paper, Harvard Business School. Benmelech, Efraim, and Jennifer Dlugosz. 2009. The credit rating crisis. NBER Working Paper No. 15045. Bolton, Patrick, Xavier Freixas, and Joel Shapiro. 2008. The credit ratings game. NBER Working Paper No. 14712. P1: TIX/b P2: c/d QC: e/f T1: g c15 JWBT397-Acharya September 22, 2010 18:58 Printer: Courier Westford Regulation of Rating Agencies 467 Calomiris, Charles. 2009. A recipe for ratings reform. Economist’s Voice. Coval, Joshua, Jakub Jurek, and Erik Stafford. 2009. The economics of structured finance. Journal of Economic Perspectives 23 (1): 3–25. Covitz, Daniel, and Paul Harrison. 2003. Testing conflicts of interest at bond rating agencies with market anticipation: Evidence that reputation incentives dominate. FEDS Working Paper No. 2003-68. Griffin, John, and Dragon Tang. 2009. Did subjectivity play a role in CDO credit ratings? Working paper, University of Texas, Austin. Hull, John, and Alan White. 2009. The risk of tranches created from residential mortgages. Working paper, University of Toronto. International Monetary Fund. 2009. Global financial stability report: Navigating the financial challenges ahead. Washington, DC: IMF, October. www.imf.org/ external/pubs/ft/gfsr/2009/02/pdf/text.pdf. Jorion, Philippe, Zhu Liu, and Charles Shi. 2005. Informational effects of Regulation FD: Evidence from rating agencies. Journal of Financial Economics 76: 309–330. Longstaff, Francis, and Brett Myers. 2009. How does the market value toxic assets? Working paper, UCLA. Mathis, Jerome, Jamie McAndrews, and Jean Charles Rochet. 2009. Rating the raters. Journal of Monetary Economics 56:657–674. Raboy, David. 2009. Concept paper on credit rating agency incentives. Congressional Oversight Panel, January 9. Richardson, Matthew, and Lawrence J. White. 2009. The rating agencies: Is regulation the answer? In Restoring financial stability: How to repair a failed system, eds. Viral V. Acharya and Matthew Richardson. Hoboken, NJ: John Wiley & Sons. Sangiorgi, F., J. Sokobin, and C. Spatt. 2009. Credit-rating shopping, selection and the equilibrium structure of ratings. Working paper, Carnegie Mellon. Skreta, Vasiliki, and Laura Veldkamp. 2009. Ratings shopping and asset complexity: A theory of ratings inflation. Journal of Monetary Economics 56:678–695. Stanton, Richard, and Nancy Wallace. 2010. CMBS and the role of subordination levels in the crisis of 2007–2009. Working paper, University of California, Berkeley. Sy, Amadou. 2009. The systemic regulation of credit rating agencies and rated markets. IMF Working Paper. White, Lawrence J. 2010. Markets: The credit rating agencies. Journal of Economic Perspectives 24:211–226. P1: TIX/b P2: c/d QC: e/f T1: g c15 JWBT397-Acharya September 22, 2010 18:58 Printer: Courier Westford
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