Cover Image

The home bias in sovereign ratings: conference paper

Credit rating agencies are frequently criticized for producing sovereign ratings that do not accurately reflect the economic and political fundamentals of rated countries. This article discusses how the home country of rating agencies could affect rating decisions as a result of political economy in...

Full description

Saved in:
Bibliographic Details
Main Authors: Fuchs, Andreas (Author) , Gehring, Kai (Author)
Corporate Author: Evidenzbasierte Wirtschaftspolitik (Author)
Format: Conference Paper
Language:English
Published: [Kiel Hamburg] ZBW 20 December 2013
Edition:This version: 20 December 2013
Series:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik F12, Session: Sovereign debt V3
Discussion paper series / University of Heidelberg, Department of Economics no. 552
In: Jahrestagung des Vereins für Socialpolitik 2014 (F12-V3)

Subjects:
Graue Literatur
Konferenzschrift
Online Access:Resolving-System, Volltext: http://hdl.handle.net/10419/127369
Get full text
Author Notes:Gehring, Kai; Fuchs, Andreas

MARC

LEADER 00000cam a2200000 cb4500
001 818616083
003 DE-627
005 20241127223232.0
007 cr uuu---uuuuu
008 150220s2013 gw |||||o 00| ||eng c
024 7 |a 10419/127369  |2 hdl 
035 |a (DE-627)818616083 
035 |a (DE-576)9818616081 
035 |a (DE-599)GBV818616083 
035 |a (OCoLC)931828594 
040 |a DE-627  |b ger  |c DE-627  |e rda 
041 |a eng 
044 |c XA-DE 
082 0 4 |a 330 
084 |a 17  |2 sdnb 
084 |a G24  |a F34  |a H63  |a F65  |a G15  |2 jelc 
111 2 |a Evidenzbasierte Wirtschaftspolitik  |g Veranstaltung  |d 2014  |j VerfasserIn  |0 (DE-588)1150876689  |0 (DE-627)1011136511  |0 (DE-576)497306115  |4 aut 
245 1 4 |a The home bias in sovereign ratings  |b conference paper  |c Gehring, Kai; Fuchs, Andreas 
250 |a This version: 20 December 2013 
264 1 |a [Kiel  |a Hamburg]  |b ZBW  |c 20 December 2013 
300 |a 1 Online-Ressource (circa 56 Seiten)  |b Illustrationen 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
490 1 |a Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik  |a F12, Session: Sovereign debt  |v V3 
490 1 |a Discussion paper series / University of Heidelberg, Department of Economics  |v no. 552 
520 |a Credit rating agencies are frequently criticized for producing sovereign ratings that do not accurately reflect the economic and political fundamentals of rated countries. This article discusses how the home country of rating agencies could affect rating decisions as a result of political economy influences and culture. Using data from nine agencies based in six countries, we investigate empirically if there is systematic evidence for a home bias in sovereign ratings. Specifically, we use dyadic panel data to test whether, all else being equal, agencies assign better ratings to their home countries, as well as to countries economically, politically and culturally aligned with them. While most of the variation in ratings is explained by the fundamentals of rated countries, our results provide empirical support for the existence of a home bias in sovereign ratings. We find that the bias becomes more accentuated following the onset of the Global Financial Crisis and appears to be driven by economic and cultural ties, not geopolitics. 
538 |a Systemvoraussetzungen: Acrobat Reader. 
650 4 |a Sovereign debt ratings  |7 (dpeaa)DE-206 
650 4 |a credit rating agencies  |7 (dpeaa)DE-206 
650 4 |a home bias  |7 (dpeaa)DE-206 
650 4 |a international finance  |7 (dpeaa)DE-206 
650 4 |a cultural distance  |7 (dpeaa)DE-206 
650 4 |a bank exposure  |7 (dpeaa)DE-206 
655 4 |0 (DE-206)34  |a Graue Literatur  |5 DE-206 
655 7 |a Konferenzschrift  |0 (DE-588)1071861417  |0 (DE-627)826484824  |0 (DE-576)433375485  |2 gnd-content 
700 1 |a Fuchs, Andreas  |d 1982-  |e VerfasserIn  |0 (DE-588)1016548206  |0 (DE-627)671492519  |0 (DE-576)352377291  |4 aut 
700 1 |a Gehring, Kai  |d 1985-  |e VerfasserIn  |0 (DE-588)1032977302  |0 (DE-627)739834207  |0 (DE-576)380449420  |4 aut 
810 2 |a Verein für Socialpolitik  |t Jahrestagung des Vereins für Socialpolitik 2014  |n F12  |p Session: Sovereign debt ; V3  |v F12-V3  |9 F,12,3.2014  |w (DE-627)817941444  |w (DE-576)9817941442  |7 am 
810 2 |a Universität Heidelberg  |b Wirtschaftswissenschaftliche Fakultät  |t Discussion paper series  |v no. 552  |9 55201  |w (DE-627)505754274  |w (DE-576)281296995  |w (DE-600)2217357-2  |7 am 
856 4 0 |u http://hdl.handle.net/10419/127369  |x Resolving-System  |3 Volltext 
951 |a MV 
992 |a 20220615 
993 |a ConferencePaper 
994 |a 2013 
998 |g 1032977302  |a Gehring, Kai  |m 1032977302:Gehring, Kai  |d 910000  |d 950000  |d 950950  |e 910000PG1032977302  |e 950000PG1032977302  |e 950950PG1032977302  |k 0/910000/  |k 1/910000/950000/  |k 2/910000/950000/950950/  |p 2  |y j 
998 |g 1016548206  |a Fuchs, Andreas  |m 1016548206:Fuchs, Andreas  |d 180000  |d 181000  |e 180000PF1016548206  |e 181000PF1016548206  |k 0/180000/  |k 1/180000/181000/  |p 1  |x j 
999 |a KXP-PPN818616083  |e 415017945X 
BIB |a Y 
JSO |a {"corporate":[{"display":"Evidenzbasierte Wirtschaftspolitik (2014)","role":"aut"}],"name":{"displayForm":["Gehring, Kai; Fuchs, Andreas"]},"physDesc":[{"extent":"1 Online-Ressource (circa 56 Seiten)","noteIll":"Illustrationen"}],"person":[{"given":"Andreas","family":"Fuchs","display":"Fuchs, Andreas","role":"aut"},{"role":"aut","family":"Gehring","display":"Gehring, Kai","given":"Kai"}],"origin":[{"publisherPlace":"[Kiel ; Hamburg]","dateIssuedDisp":"20 December 2013","edition":"This version: 20 December 2013","publisher":"ZBW","dateIssuedKey":"2013"}],"relMultPart":[{"corporate":[{"role":"aut","display":"Verein für Socialpolitik"}],"dispAlt":"Verein für Socialpolitik: Jahrestagung des Vereins für Socialpolitik 2014","origin":[{"publisherPlace":"Kiel","dateIssuedDisp":"2014","publisher":"ZBW","dateIssuedKey":"2014"}],"disp":"Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik","type":{"bibl":"multivolume-work","media":"Online-Ressource"},"part":{"number_sort":["F,12,3.2014"],"number":["F12-V3"]},"id":{"eki":["817941444"]},"titleAlt":[{"title":"Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014"}],"title":[{"title":"Jahrestagung des Vereins für Socialpolitik 2014","subtitle":"Thema der Kerntagung: \"Evidenzbasierte Wirtschaftspolitik\"","title_sort":"Jahrestagung des Vereins für Socialpolitik 2014"}],"language":["eng"],"recId":"817941444"},{"physDesc":[{"extent":"Online-Ressource"}],"corporate":[{"role":"aut","display":"Universität Heidelberg"},{"display":"Alfred-Weber-Institut für Wirtschaftswissenschaften","role":"isb"}],"origin":[{"publisherPlace":"Heidelberg","dateIssuedDisp":"2000-2020","dateIssuedKey":"2000","publisher":"[Verlag nicht ermittelbar]"}],"id":{"eki":["505754274"],"zdb":["2217357-2"],"hdl":["10419/127204"]},"note":["Frühere Jahrgänge online nicht mehr verfügbar","Gesehen am 01.12.2020"],"titleAlt":[{"title":"AWI discussion paper series"},{"title":"Discussion papers online"}],"language":["ger","eng"],"recId":"505754274","dispAlt":"Universität Heidelberg / Wirtschaftswissenschaftliche Fakultät: Discussion paper series","disp":"Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik","type":{"media":"Online-Ressource","bibl":"serial"},"part":{"number":["no. 552"],"number_sort":["55201"]},"title":[{"title_sort":"Discussion paper series / University of Heidelberg, Department of Economics","title":"Discussion paper series / University of Heidelberg, Department of Economics"}],"pubHistory":["Nr. 326.2000-no. 691 (2020)"]}],"id":{"eki":["818616083"],"hdl":["10419/127369"]},"type":{"media":"Online-Ressource","bibl":"book"},"recId":"818616083","language":["eng"],"title":[{"title_sort":"home bias in sovereign ratings","subtitle":"conference paper","title":"The home bias in sovereign ratings"}]} 
SRT |a EVIDENZBASHOMEBIASIN2020 

Similar Items