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A Recipe for Ratings Reform

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  • Calomiris Charles W

Abstract

Contrary to conventional wisdom, incentives to inflate credit ratings reflect pressures from buy-side investors who use inflated ratings to reduce the impact of regulation and ratings-based restrictions on their portfolio holdings. Charles Calomiris suggests ways to get effective reform.

Suggested Citation

  • Calomiris Charles W, 2009. "A Recipe for Ratings Reform," The Economists' Voice, De Gruyter, vol. 6(11), pages 1-4, November.
  • Handle: RePEc:bpj:evoice:v:6:y:2009:i:11:n:5
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    Cited by:

    1. repec:eee:jbfina:v:83:y:2017:i:c:p:232-248 is not listed on IDEAS
    2. Lawrence J. White, 2013. "Credit Rating Agencies: An Overview," Annual Review of Financial Economics, Annual Reviews, vol. 5(1), pages 93-122, November.
    3. Nyborg, Kjell G., 2017. "Central bank collateral frameworks," Journal of Banking & Finance, Elsevier, vol. 76(C), pages 198-214.
    4. Viral V. Acharya & Matthew Richardson, 2012. "Implications of the Dodd-Frank Act," Annual Review of Financial Economics, Annual Reviews, vol. 4(1), pages 1-38, October.
    5. Jakob Korbinian Eberl, 2016. "The Collateral Framework of the Eurosystem and Its Fiscal Implications," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 69, April.
    6. Gunter Löffler, 2013. "Can Market Discipline Work in the Case of Rating Agencies? Some Lessons from Moody’s Stock Price," Journal of Financial Services Research, Springer;Western Finance Association, vol. 43(2), pages 149-174, April.
    7. Lawrence J. White, 2010. "Markets: The Credit Rating Agencies," Journal of Economic Perspectives, American Economic Association, vol. 24(2), pages 211-226, Spring.

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