The Influence of Ratings on International Finance Markets

  • Authors
  • Julia von Maltzan Pacheco

Part of the Gabler Edition Wissenschaft book series (GEW)

Table of contents

  1. Front Matter
    Pages I-XX
  2. Capital Flows to Emerging Markets

    1. Julia von Maltzan Pacheco
      Pages 1-18
  3. Risk and Economic Activity

    1. Julia von Maltzan Pacheco
      Pages 19-41
  4. Sovereign Risk: Who Rates Whom and How?

    1. Julia von Maltzan Pacheco
      Pages 43-66
  5. The Influence of Ratings on International Finance Markets

    1. Front Matter
      Pages 67-67
    2. Julia von Maltzan Pacheco
      Pages 69-142
    3. Julia von Maltzan Pacheco
      Pages 143-155
    4. Julia von Maltzan Pacheco
      Pages 157-179
    5. Julia von Maltzan Pacheco
      Pages 181-197
  6. Back Matter
    Pages 199-213

About this book

Introduction

The nineties have witnessed a boom of capital flows towards emerging markets which found an abrupt end with the Asian financial crisis in 1997/98. During and after the Asian and Mexican financial crises investors complained about the inefficiency of rating agencies and blamed them for enforcing the dynamics of financial crises.

Julia von Maltzan Pacheco discusses strengths and weaknesses of rating agencies within international markets of sovereign finance. She also presents policy options that focus especially on measures, which could prevent severe crises in international financial markets. An empirical study shows that rating agencies are important market players in international financial markets and that they need to improve their performance and to adapt their rating assessment constantly to the latest events.

Keywords

Emerging Markets Finanzmarkt Makroökonomie Rating international finance Ökomomie

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-663-09040-3
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2000
  • Publisher Name Deutscher Universitätsverlag, Wiesbaden
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-8244-7218-5
  • Online ISBN 978-3-663-09040-3
  • About this book
Industry Sectors
Pharma
Automotive
Chemical Manufacturing
Biotechnology
Consumer Packaged Goods