Credit Rating Industry: a Helicopter Tour of Stylized Facts and Recent Theories

Jeon, Doh-Shin and Lovo, Stefano (2013) Credit Rating Industry: a Helicopter Tour of Stylized Facts and Recent Theories. International Journal of Industrial Organization, vol.31 (n°5). pp. 643-651.

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Official URL: http://tse-fr.eu/pub/27771

Abstract

The recent subprime crisis and the ongoing Euro zone crisis have generated an
enormous interest in the credit rating industry not only among economists but also among
average citizens. As a consequence, we have seen an explosion of the economic
literature on the industry. The objective of this survey is to introduce readers to the key
stylized facts of the credit rating industry and to the recent theoretical economic literature
on this industry.

Item Type: Article
Language: English
Date: September 2013
Refereed: Yes
JEL codes: D43 - Oligopoly and Other Forms of Market Imperfection
D82 - Asymmetric and Private Information
G24 - Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
L13 - Oligopoly and Other Imperfect Markets
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 09 Jul 2014 17:40
Last Modified: 09 Apr 2018 09:04
OAI ID: oai:tse-fr.eu:27771
URI: http://publications.ut-capitole.fr/id/eprint/15780

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