𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Institutional Environment and Sovereign Credit Ratings

✍ Scribed by Alexander W. Butler; Larry Fauver


Book ID
118073395
Publisher
Financial Management Association International (FMA)
Year
2006
Tongue
English
Weight
594 KB
Volume
35
Category
Article
ISSN
0046-3892

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We study the determinants of sovereign debt ratings from the three main rating agencies, for the period 1995-2005. Using linear and ordered response models, we employ a specification that allows us to distinguish between short-and long-run effects, on a country's rating, of macroeconomic and fiscal