Credit rating agencies and moral hazard
The failure of credit rating agencies to properly assess risks of complex financial securities was instrumental in setting off the global financial crisis. This paper studies the incentives of companies and rating agencies and argues that the way the current rating market is organized may provide...
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| Hauptverfasser: | , , |
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| Format: | Artigo |
| Sprache: | Inglês |
| Veröffentlicht: |
Economists' Association of Vojvodina
2011-01-01
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| Schriftenreihe: | Panoeconomicus |
| Schlagworte: | |
| Online-Zugang: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2011/1452-595X1102219B.pdf |
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