Rating Through-the-Cycle : What does the Concept Imply for Rating Stability and Accuracy? /

Credit rating agencies face a difficult trade-off between delivering both accurate and stable ratings. In particular, its users have consistently expressed a preference for rating stability, driven by the transactions costs induced by trading when ratings change frequently. Rating agencies generally...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Kiff, John
مؤلفون آخرون: Kisser, Michael, Schumacher, Liliana
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2013.
سلاسل:IMF Working Papers; Working Paper ; No. 2013/064
الوصول للمادة أونلاين:Full text available on IMF