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Rating change probabilities : an empirical analysis of sovereign ratings / Alex Bergen.
- Format:
- Book
- Author/Creator:
- Bergen, Alex, author.
- Language:
- English
- Subjects (All):
- Financial crises--History.
- Financial crises.
- Debts, External--History.
- Debts, External.
- Economic stabilization--History.
- Economic stabilization.
- Physical Description:
- 1 online resource (50 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Hamburg, Germany : Anchor Academic Publishing, 2014.
- Language Note:
- English
- Summary:
- This study analyzes the determinants of rating changes and the variables' marginal effects on rating change probabilities. Based on the results, it presents transition matrices by computing transition probabilities. Furthermore, this study analyzes subsamples of the data set, conditional on the business cycle and the economic strength of a country, by using interaction effects. The Author of this study thereby verifies whether or how the transition matrices change by including interaction effects. He applies a latent variable approach, using an ordered probit model, to calculate the effects of
- Notes:
- Description based upon print version of record.
- Description based on online resource; title from PDF cover (ebrary, viewed April 15, 2014).
- Includes bibliographical references.
- ISBN:
- 3-95489-656-7
- OCLC:
- 871779878
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