The home bias in sovereign ratings
Credit rating agencies are frequently criticized for producing biased sovereign ratings. This article discusses how the home country of rating agencies could affect rating decisions as a result of political economy influences and cultural distance. Using data from nine agencies based in six countrie...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Dokumenttyp: | Book/Monograph Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Göttingen
Courant Research Centre
2015
|
| Ausgabe: | This version: May 2015 |
| Schriftenreihe: | Discussion papers / Courant Research Centre
179 |
| In: |
Discussion papers (179)
|
| Schlagworte: | |
| Online-Zugang: | Verlag, Volltext: http://www2.vwl.wiso.uni-goettingen.de/courant-papers/CRC-PEG_DP_179.pdf Resolving-System, Volltext: http://hdl.handle.net/10419/111348 
|
| Verfasserangaben: | Andreas Fuchs; Kai Gehring |
MARC
| LEADER | 00000cam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 828391556 | ||
| 003 | DE-627 | ||
| 005 | 20250304003728.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 150626s2015 gw |||||o 00| ||eng c | ||
| 024 | 7 | |a 10419/111348 |2 hdl | |
| 035 | |a (DE-627)828391556 | ||
| 035 | |a (DE-576)9828391554 | ||
| 035 | |a (DE-599)GBV828391556 | ||
| 035 | |a (OCoLC)931951808 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rakwb | ||
| 041 | |a eng | ||
| 044 | |c XA-DE | ||
| 084 | |a 17 |2 sdnb | ||
| 084 | |a G24 |a F34 |a H63 |a F65 |a G15 |2 jelc | ||
| 100 | 1 | |a Fuchs, Andreas |d 1982- |0 (DE-588)1016548206 |0 (DE-627)671492519 |0 (DE-576)352377291 |4 aut | |
| 245 | 1 | 4 | |a The home bias in sovereign ratings |c Andreas Fuchs; Kai Gehring |
| 250 | |a This version: May 2015 | ||
| 264 | 1 | |a Göttingen |b Courant Research Centre |c 2015 | |
| 300 | |a Online-Ressource (47 S.) |b graph. Darst., Kt. | ||
| 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 Discussion papers / Courant Research Centre |v 179 | |
| 520 | |a Credit rating agencies are frequently criticized for producing biased sovereign ratings. This article discusses how the home country of rating agencies could affect rating decisions as a result of political economy influences and cultural distance. Using data from nine agencies based in six countries, we test whether agencies assign better ratings to their home countries, as well as to countries economically, geopolitically and culturally aligned with them. Our results show biases in favor of the respective home country, culturally more similar countries, and countries in which home-country banks have a larger risk exposure. Linguistic similarity seems to be the main transmission channel that explains the advantage of the home country. | ||
| 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)24 |a Arbeitspapier |5 DE-206 | |
| 655 | 4 | |0 (DE-206)34 |a Graue Literatur |5 DE-206 | |
| 700 | 1 | |a Gehring, Kai |d 1985- |0 (DE-588)1032977302 |0 (DE-627)739834207 |0 (DE-576)380449420 |4 aut | |
| 810 | 2 | |a Courant Forschungszentrum "Armut, Ungleichheit und Wachstum in Entwicklungsländern" |t Discussion papers |v 179 |9 17900 |w (DE-627)777050242 |w (DE-576)400259893 |w (DE-600)2754029-7 |7 am | |
| 856 | 4 | 0 | |u http://www2.vwl.wiso.uni-goettingen.de/courant-papers/CRC-PEG_DP_179.pdf |x Verlag |3 Volltext |
| 856 | 4 | 0 | |u http://hdl.handle.net/10419/111348 |x Resolving-System |3 Volltext |
| 951 | |a BO | ||
| 992 | |a 20220615 | ||
| 993 | |a WorkingPaper | ||
| 994 | |a 2015 | ||
| 998 | |g 1032977302 |a Gehring, Kai |m 1032977302:Gehring, Kai |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-PPN828391556 |e 4150179867 | ||
| BIB | |a Y | ||
| JSO | |a {"origin":[{"edition":"This version: May 2015","publisherPlace":"Göttingen","dateIssuedKey":"2015","dateIssuedDisp":"2015","publisher":"Courant Research Centre"}],"title":[{"title":"The home bias in sovereign ratings","title_sort":"home bias in sovereign ratings"}],"language":["eng"],"type":{"media":"Online-Ressource","bibl":"book"},"person":[{"given":"Andreas","family":"Fuchs","role":"aut","display":"Fuchs, Andreas"},{"given":"Kai","family":"Gehring","role":"aut","display":"Gehring, Kai"}],"name":{"displayForm":["Andreas Fuchs; Kai Gehring"]},"physDesc":[{"extent":"Online-Ressource (47 S.)","noteIll":"graph. Darst., Kt."}],"relMultPart":[{"title":[{"title":"Discussion papers / Courant Research Centre \"Poverty, Equity and Growth in Developing and Transition Countries: Statistical Methods and Empirical Analysis\"","title_sort":"Discussion papers / Courant Research Centre \"Poverty, Equity and Growth in Developing and Transition Countries: Statistical Methods and Empirical Analysis\""}],"dispAlt":"Courant Forschungszentrum \"Armut, Ungleichheit und Wachstum in Entwicklungsländern\": Discussion papers","disp":"Discussion papers / Courant Research Centre","pubHistory":["Nr. 1.2009 -"],"part":{"number_sort":["17900"],"number":["179"]},"id":{"zdb":["2754029-7"],"eki":["777050242"],"hdl":["10419/90438"]},"corporate":[{"roleDisplay":"VerfasserIn","role":"aut","display":"Courant Forschungszentrum \"Armut, Ungleichheit und Wachstum in Entwicklungsländern\""}],"type":{"bibl":"serial","media":"Online-Ressource"},"language":["eng"],"origin":[{"dateIssuedKey":"2009","dateIssuedDisp":"2009-","publisher":"[Verlag nicht ermittelbar]","publisherPlace":"Göttingen"}],"physDesc":[{"extent":"Online-Ressource"}],"recId":"777050242"}],"recId":"828391556","id":{"hdl":["10419/111348"],"eki":["828391556"]}} | ||
| SRT | |a FUCHSANDREHOMEBIASIN2015 | ||