The role of rating agencies in the Eurozone sovereign debt crisis
Type
applied research project
Start Date
October 1, 2010
End Date
July 31, 2014
Status
ongoing
Keywords
rating agencies
sovereign debt
crisis
multiple equilibria
self-fulfilling prophecy
interest rates
spreads
budget deficit
Description
The project attempts to provide an empirical understanding of the role of rating agencies in sovereign debt crises in general, and in the Eurozone's sovereign debt crisis in particular. It looks both at what determines sovereign bond ratings, and at the effects of rating changes. From a macroeconomic perspective we try to find out whether Europe faced a scenario of multiple equilibria and self-fulfilling prophecy, and how rating agencies affected the dynamics within such a system.
Leader contributor(s)
Member contributor(s)
Funder
Topic(s)
rating agencies
models of sovereign debt crises
Method(s)
theoretical analysis
statistical and narrative empirics
Range
Institute/School
Range (De)
Institut/School
Division(s)
Eprints ID
212380
40 results
Filters
Settings
Now showing 1 - 10 of 40
- Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Moody Blues : Interview mit Stefan KleinType:newspaper articleJournal:Süddeutsche ZeitungVolume:2011Issue:nicht bekannt - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Scapegoat €? : Dokumentarfilm von Alexander Kockerbeck"The Euro crisis is not over! We have managed to calm financial markets, but the problem has moved into the social and political sphere, with increasing unemployment and the risk of growing extremism and euro scepticism", says Paul De Grauwe from the London School of Economics, one of the top economists featured in this European documentary. Thomas Mayer, the former chief economist of Deutsche Bank, is concerned about the "centrally planned monetary economy" led by Central Banks which try to kickstart the economy and to fight deflation by creating unprecedented levels of liquidity that may compromise the entire monetary system. Manfred Gärtner from the University St. Gallen elaborates how the global financial crisis played havoc with European government finances and how problematic sovereign ratings may have added to a "bad equilibrium" in the whole euro area that forced the European Central Bank to do "whatever it takes" to defend the Euro. Alexander Kockerbeck - Some of the metrics are blocked by yourconsent settings
Item type:Publication,