Advanced Search
MyIDEAS: Login to save this paper or follow this series

Regulation of Credit Rating Agencies - Evidence from Recent Crisis

Contents:

Author Info

  • Mai Hassan

    ()
    (Faculty of Management Technology, The German University in Cairo)

  • Christian Kalhoefer

    ()
    (Faculty of Management Technology, The German University in Cairo)

Registered author(s):

    Abstract

    The importance of ratings for investors’ decisions and for the perceptions of the financial health of a nation pointed out the need that credit rating agencies should be regulated in some way. Regulators and market participants believed that the credit rating agencies need to abide by standards of corporate governance and supervision due to their pivotal role in the US subprime crisis. This belief was amplified recently because the rating agencies were deeply involved in the European debt crisis after various sovereign debt ratings were significantly downgraded. Therefore, the paper highlights the critique against the agencies’ role in the two most recent crises and reviews the regulation proposals which subject the rating agencies to behavioral standards.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://mgt.guc.edu.eg/wpapers/026hassan_kalhoefer2011.pdf
    File Function: First version, 2011
    Download Restriction: no

    Bibliographic Info

    Paper provided by The German University in Cairo, Faculty of Management Technology in its series Working Papers with number 26.

    as in new window
    Length: 15 pages
    Date of creation: Feb 2011
    Date of revision:
    Handle: RePEc:guc:wpaper:26

    Contact details of provider:
    Web page: http://mgt.guc.edu.eg/economics/RePEc/guc/
    More information through EDIRC

    Related research

    Keywords: Credit rating agencies; subprime; Euro crisis;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:guc:wpaper:26. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lobna Sameer).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.