Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation
收藏NBER2009-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14761
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资源简介：
Many identify inflated credit ratings as one contributor to the recent financial market turmoil. We develop an equilibrium model of the market for ratings and use it to examine possible origins of and cures for ratings inflation. In the model, asset issuers can shop for ratings -- observe multiple
提供机构：
美国国家经济研究局
创建时间：
2009-02-01
