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...
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| Další autoři: | , |
| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2013/064 |
| On-line přístup: | Full text available on IMF |