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Credit Rating Industry: a Helicopter Tour of Stylized Facts and Recent Theories

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  • Jeon, Doh-Shin
  • Lovo, Stefano
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    Abstract

    The recent subprime crisis and the ongoing Euro zone crisis have generated an enormous interest in the credit rating industry not only among economists but also among average citizens. As a consequence, we have seen an explosion of the economic literature on the industry. The objective of this survey is to introduce readers to the key stylized facts of the credit rating industry and to the recent theoretical economic literature on this industry.

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    Bibliographic Info

    Paper provided by Toulouse School of Economics (TSE) in its series TSE Working Papers with number 13-376.

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    Date of creation: 07 Feb 2013
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    Publication status: Published in International Journal of Industrial Organization, vol.�31, n°5, septembre 2013, p.�643-651.
    Handle: RePEc:tse:wpaper:26781

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    Cited by:
    1. Chiwitt, Ulrich, 2014. "Ratingagenturen - Fluch oder Segen? Eine kritische Bestandsaufnahme," Arbeitspapiere der FOM 48, FOM Hochschule für Oekonomie & Management.

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