Rating the Rating Agencies : Anticipating Currency Crises or Debt Crises?

Anticipating Currency Crises or Debt Crises?

Rating the Rating Agencies : Anticipating Currency Crises or Debt Crises?
In contrast to the early-warning system literature, we find that currency and debt crises are not closely linked in emerging markets. We find that after 1994, credit ratings predict debt crises but fail to anticipate currency crises. When debt crises are defined as sovereign distress-when spreads are higher than 1,000 basis points-we find that... READ MORE...

Publication date: June 2003
ISBN 9781451854510
$15.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: June 2003

PDF

Publication date: June 2003

ePub

Publication date: June 2003

Mobi

Publication date: June 2003

English