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The Origin of Bias in Sovereign Credit Ratings: Reconciling Agency Views with Institutional Quality
16 references·4 citing·53 second hop
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References

  • 2003Institutional causes, macroeconomic symptoms: volatility, crises and growth1,502 cited
  • 2002Insecurity and the Pattern of Trade: An Empirical Investigation1,038 cited
  • 1996Determinants and Impact of Sovereign Credit Ratings652 cited
  • 2012Sovereign credit ratings and financial markets linkages: Application to European data375 cited
  • 2003Understanding the determinants of sovereign debt ratings: Evidence for the two leading agencies309 cited
  • 2010The reaction of emerging market credit default swap spreads to sovereign credit rating changes293 cited
  • 2008Sovereign default, interest rates and political uncertainty in emerging markets243 cited
  • 1997Emerging Market Risk and Sovereign Credit Ratings204 cited
  • 1999The Siskel and Ebert of Financial Markets?: Two Thumbs Down for the Credit Rating Agencies203 cited
  • 2004An analysis of the determinants of sovereign ratings188 cited
  • 2007The use (and abuse) of governance indicators in economics: a review181 cited
  • 2009Variations in sovereign credit quality assessments across rating agencies165 cited
  • 2002The Paradox of Credit Ratings152 cited
  • 1987Country risk and political instability144 cited
  • 2005Modelling sovereign credit ratings: Neural networks versus ordered probit

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114 cited
  • 2007CREDIT RATING AGENCIES AND THEIR POTENTIAL IMPACT ON DEVELOPING COUNTRIES95 cited
  • Cited by

    • 2018Are credit rating agencies regionally biased?30 cited
    • 2016Pernicious effects: How the credit rating agencies disadvantage emerging markets28 cited
    • 2018Sovereign credit rating: Evidence of bias against poor countries21 cited
    • 2023Modelling Sovereign Credit Ratings:Evaluating the Accuracy and Driving Factors using Machine Learning Techniques20 cited