G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Overdependence on Credit Ratings Was a Primary Cause of the Crisis
Frank Partnoy
发表日期2009
出处Economy and Society
出版年2009
语种英语
摘要The first part of the paper describes how over time credit rating agencies ceased to play the role of information intermediaries. Rating agencies did not provide information about the risk associated with the securitized instruments, but they simply enabled structurers to create and maintain tranches of these instruments with unjustifiably high credit ratings. The second part of the paper suggests how future policy may minimize overdependence on credit ratings, by removing regulatory licences and by implementing shock-therapy mechanisms to wean investors simple rating mnemonics.
特色分类G24
关键词Rating Agencies,Subprime Mortgages,Securitization
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/overdependence-on-credit-ratings-was-a-primary-cause-of-the-crisis/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117705
推荐引用方式
GB/T 7714
Frank Partnoy. Overdependence on Credit Ratings Was a Primary Cause of the Crisis. 2009.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
NDL2009-027.pdf(365KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Frank Partnoy]的文章
百度学术
百度学术中相似的文章
[Frank Partnoy]的文章
必应学术
必应学术中相似的文章
[Frank Partnoy]的文章
相关权益政策
暂无数据
收藏/分享
文件名: NDL2009-027.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。