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Financial crises, credit ratings, and bank failures: An introduction

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  • Reinhart, Carmen

Abstract

Three of the papers in this volume address various aspects of these issues—in particular as regards the behavior and impact of sovereign credit ratings and the development of a portfolio model that lends itself to testing the vulnerability of banks. Two of the papers address issues related to the usefulness and impacts of sovereign credit ratings. A third paper is concernend with the default of banks. Or more precisely, how to limit bank failures through capital and provisioning measures.

Suggested Citation

  • Reinhart, Carmen, 2002. "Financial crises, credit ratings, and bank failures: An introduction," MPRA Paper 13247, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:13247
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    References listed on IDEAS

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    1. Veronica Balzarotti & Michael Falkenheim & Andrew Powell, 2002. "On the Use of Portfolio Risk Models and Capital Requirements in Emerging Markets: The Case of Argentina," The World Bank Economic Review, World Bank, vol. 16(2), pages 197-212, August.
    2. Carmen M. Reinhart, 2002. "Default, Currency Crises, and Sovereign Credit Ratings," The World Bank Economic Review, World Bank, vol. 16(2), pages 151-170, August.
    3. Thomas R. Atkinson, 1967. "Trends in Corporate Bond Quality," NBER Books, National Bureau of Economic Research, Inc, number atki67-1, July.
    4. Graciela L. Kaminsky & Richard K. Lyons & Sergio L. Schmukler, 2001. "Mutual Fund Investment in Emerging Markets: An Overview," The World Bank Economic Review, World Bank, vol. 15(2), pages 315-31-340.
    5. W. Braddock Hickman, 1958. "Corporate Bond Quality and Investor Experience," NBER Books, National Bureau of Economic Research, Inc, number hick58-1, July.
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    More about this item

    Keywords

    Financial crises rating agencies default;

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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