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A NON-RECURSIVE REGRESSION MODEL FOR COUNTRY RISK RATING
16 references·1 citing·47 second hop
A NON-RECURSIVE REGRESSION MODEL FOR COUNTRY RISK RATING (2003)A NON-RECURSIVE REGRESSION MODEL FOR COUN…Governance Matters II: Updated Indicators for 2000–01 (2002)Governance Matters II: Update…Selecting macroeconomic variables as explanatory factors of emerging stock market returns (2001)Selecting macroeconomic varia…Stability of rating transitions (2000)Stability of rating transitio…The Procyclical Role of Rating Agencies: Evidence from the East Asian Crisis (1999)The Procyclical Role of Ratin…Boom and Bust and Sovereign Ratings (1999)Boom and Bust and Sovereign R…Aggregating Governance Indicators (1999)Aggregating Governance Indica…Corruption and the composition of government expenditure (1998)Corruption and the compositio…Emerging Market Risk and Sovereign Credit Ratings (1997)Emerging Market Risk and Sove…Credit risk measurement: Developments over the last 20 years (1997)Credit risk measurement: Deve…The Economic Content of Indicators of Developing Country Creditworthiness (1996)The Economic Content of Indic…Political Risk, Economic Risk, and Financial Risk (1996)Political Risk, Economic Risk…Expected Returns and Volatility in 135 Countries (1996)Expected Returns and Volatili…Determinants and Impact of Sovereign Credit Ratings (1996)Determinants and Impact of So…The Determinants of Country Risk Ratings (1991)The Determinants of Country R…Cause-effect relationships and partially defined Boolean functions (1988)Cause-effect relationships an…The pure theory of country risk (1986)The pure theory of country ri…Dependency between sovereign credit ratings and economic risk: Insight from Balkan countries (2021)Dependency between sovereign …The Neoclassical Revival in Growth Economics: Has It Gone Too Far? (1997)Does "Grease Money" Speed Up the Wheels of Commerce? (1999)Human Development Report 2002 (2002)Uses and Abuses of Governance Indicators (2006)The Worldwide Governance Indicators Project : Answering The Critics (2007)The Effect of Bond Rating Agency Announcements on Bond and Stock Prices (1992)Emerging Market Instability: Do Sovereign Ratings Affect Country Risk and Stock Returns? (2002)The price of democracy: sovereign risk ratings, bond spreads and political business cycles in developing countries (2004)Global Factors and Emerging Market Spreads* (2008)Economic Growth in a Cross Section of Countries (1989)Economic Growth in a Cross Section of Countries (1991)Corruption and Growth (1995)A free press is bad news for corruption (2002)Economic Analysis of Corruption: A Survey (2003)Does corruption grease or sand the wheels of growth? (2005)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)The Pricing of Options and Corporate Liabilities (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Bank Capital Regulation in Contemporary Banking Theory: A Review of the Literature (2001)Macroeconomic Dynamics and Credit Risk: A Global Perspective (2006)Safer ratios, riskier portfolios: Banks׳ response to government aid (2014)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Emerging equity markets and economic development (2001)Global Capital and National Governments (2001)What Segments Equity Markets? (2011)Valuation effects of security offerings and the issuance process (1986)Sovereign Debt: Is To Forgive To Forget? (1988)The Globalization of Liberalization: Policy Diffusion in the International Political Economy (2004)The pricing of sovereign risk and contagion during the European sovereign debt crisis (2012)Credit Rationing in Markets with Imperfect Information (1981)Reputation and imperfect information (1982)Bank Runs, Deposit Insurance, and Liquidity (1983)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)The Economics of Development: A Survey (1989)The Economics and Law of Sovereign Debt and Default (2009)Time-Varying World Market Integration (1995)International Portfolio Flows and Security Markets (1999)Privatization, political risk and stock market development in emerging economies (2001)The national market impact of sovereign rating changes (2003)Analyzing rating transitions and rating drift with continuous observations (2002)Ratings migration and the business cycle, with application to credit portfolio stress testing (2002)How rating agencies achieve rating stability (2004)Are You Being Served? Political Accountability and Quality of Government (2003)Governance Matters III: Governance Indicators for 1996, 1998, 2000, and 2002 (2004)Is Corruption an Efficient Grease? (2009)
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References

  • 1998Corruption and the composition of government expenditure1,539 cited
  • 1999Aggregating Governance Indicators1,049 cited
  • 1997Credit risk measurement: Developments over the last 20 years806 cited
  • 1996Determinants and Impact of Sovereign Credit Ratings652 cited
  • 1996Political Risk, Economic Risk, and Financial Risk619 cited
  • 1986The pure theory of country risk573 cited
  • 2000Stability of rating transitions562 cited
  • 2002Governance Matters II: Updated Indicators for 2000–01530 cited
  • 1999The Procyclical Role of Rating Agencies: Evidence from the East Asian Crisis479 cited
  • 1996Expected Returns and Volatility in 135 Countries346 cited
  • 1999Boom and Bust and Sovereign Ratings290 cited
  • 2001Selecting macroeconomic variables as explanatory factors of emerging stock market returns279 cited
  • 1991The Determinants of Country Risk Ratings254 cited
  • 1988Cause-effect relationships and partially defined Boolean functions242 cited
  • 1997Emerging Market Risk and Sovereign Credit Ratings204 cited
  • 1996The Economic Content of Indicators of Developing Country Creditworthiness

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  • 2021Dependency between sovereign credit ratings and economic risk: Insight from Balkan countries34 cited