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Rating Agencies

Author

Listed:
  • Thomas Cooley

    (New York University)

  • Harold Cole

    (University of Pennsylvania)

Abstract

by issuers paying for ratings is misguided.

Suggested Citation

  • Thomas Cooley & Harold Cole, 2014. "Rating Agencies," 2014 Meeting Papers 1124, Society for Economic Dynamics.
  • Handle: RePEc:red:sed014:1124
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    File URL: https://www.economicdynamics.org/meetpapers/2014/paper_1124.pdf
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    References listed on IDEAS

    as
    1. Arvind Krishnamurthy & Annette Vissing-Jorgensen, 2012. "The Aggregate Demand for Treasury Debt," Journal of Political Economy, University of Chicago Press, vol. 120(2), pages 233-267.
    2. Gary Gorton & Stefan Lewellen & Andrew Metrick, 2012. "The Safe-Asset Share," American Economic Review, American Economic Association, vol. 102(3), pages 101-106, May.
    3. Skreta, Vasiliki & Veldkamp, Laura, 2009. "Ratings shopping and asset complexity: A theory of ratings inflation," Journal of Monetary Economics, Elsevier, vol. 56(5), pages 678-695, July.
    4. Pierre-Olivier Gourinchas & Olivier Jeanne, 2012. "Global safe assets," BIS Working Papers 399, Bank for International Settlements.
    5. Mathis, Jérôme & McAndrews, James & Rochet, Jean-Charles, 2009. "Rating the raters: Are reputation concerns powerful enough to discipline rating agencies?," Journal of Monetary Economics, Elsevier, vol. 56(5), pages 657-674, July.
    6. Lawrence J. White, 2010. "Markets: The Credit Rating Agencies," Journal of Economic Perspectives, American Economic Association, vol. 24(2), pages 211-226, Spring.
    7. Opp, Christian C. & Opp, Marcus M. & Harris, Milton, 2013. "Rating agencies in the face of regulation," Journal of Financial Economics, Elsevier, vol. 108(1), pages 46-61.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Andrea Zaghini, 2014. "Bank Bonds: Size, Systemic Relevance and the Sovereign," International Finance, Wiley Blackwell, vol. 17(2), pages 161-184, June.
    2. Razvan STEFANESCU & Ramona DUMITRIU, 2014. "A State-Owned Payment And Savings System As An Alternative To The Banking Regulations Strengthening," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 297-301.
    3. repec:wsi:gcrxxx:v:05:y:2015:i:01:n:s2010493615500087 is not listed on IDEAS
    4. Yun Wang & Yilan Xu, 2015. "Race to the Top: Credit Rating Bias from Competition," Working Papers 2015-05-12, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University, revised 13 May 2015.
    5. Jean Paul Rabanal & Olga A. Rabanal, 2015. "Does competition affect truth-telling? An experiment with rating agencies," Working Papers 2015-48, Peruvian Economic Association.

    More about this item

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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