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来源类型 | VoxEU Column |
规范类型 | 评论 |
The G20's Blind Spot: President Obama must squarely face the bad asset problem | |
Keiichiro Kobayashi | |
发表日期 | 2009-04-01 |
出版年 | 2009 |
语种 | 英语 |
摘要 | Understanding the origins of the crisis requires understanding the failures of the market for ratings. This column explains how conflicts of interest and shopping for the best rating produced biased assessments of complex assets, whereas these bad incentives had not plagued ratings of simpler assets. We need to rethink how ratings are provided, lest the next bout of financial innovation trigger another round of ratings inflation and subsequent financial market turmoil. |
主题 | Financial Markets |
关键词 | Rating agencies Financial innovation Conflict of interest Bias |
URL | https://cepr.org/voxeu/columns/g20s-blind-spot-president-obama-must-squarely-face-bad-asset-problem |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/547628 |
推荐引用方式 GB/T 7714 | Keiichiro Kobayashi. The G20's Blind Spot: President Obama must squarely face the bad asset problem. 2009. |
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