Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/10070
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dc.contributor.authorRablen, MD-
dc.contributor.editorRablen, MD-
dc.date.accessioned2015-02-03T10:39:01Z-
dc.date.available2013-03-01-
dc.date.available2015-02-03T10:39:01Z-
dc.date.issued2013-
dc.identifier.citationFinance Research Letters, 10:1, pp. 12 - 16, 2013en_US
dc.identifier.issn1544-6123-
dc.identifier.urihttp://www.sciencedirect.com/science/article/pii/S1544612312000542-
dc.identifier.urihttp://bura.brunel.ac.uk/handle/2438/10070-
dc.description.abstractDuring the recent credit crisis credit rating agencies (CRAs) became increas- ingly lax in their rating of structured products, yet increasingly stringent in their rating of corporate bonds. We examine a model in which a CRA operates in both the market for structured products and for corporate debt, and shares a common reputation across the two markets. We find that, as a CRA s reputation becomes good enough, it can be optimal for it to infl ate its ratings with probability one in the structured products market, but in flate its ratings with a probability zero in the corporate bond market.en_US
dc.format.extent12 - 16-
dc.format.extent12 - 16-
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.subjectReputationen_US
dc.subjectSpilloversen_US
dc.subjectDivergenceen_US
dc.subjectRating agenciesen_US
dc.titleDivergence in credit ratingsen_US
dc.typeArticleen_US
dc.identifier.doihttp://dx.doi.org/10.1016/j.frl.2012.11.001-
dc.relation.isPartOfFinance Research Letters-
dc.relation.isPartOfFinance Research Letters-
pubs.issue1-
pubs.issue1-
pubs.publication-statusPublished-
pubs.publication-statusPublished-
pubs.volume10-
pubs.volume10-
pubs.organisational-data/Brunel-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance/Economics and Finance-
pubs.organisational-data/Brunel/University Research Centres and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups/Centre for Research into Entrepreneurship, International Business and Innovation in Emerging Markets-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute for Ageing Studies-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute of Cancer Genetics and Pharmacogenomics-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Centre for Systems and Synthetic Biology-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups/Multidisclipary Assessment of Technology Centre for Healthcare (MATCH)-
Appears in Collections:Dept of Economics and Finance Research Papers

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