Credit Ratings Failures and Policy Options

Article, Preprint OPEN
Pagano, Marco; Volpin, Paolo;
  • Related identifiers: doi: 10.1111/j.1468-0327.2010.00245.x
  • Subject: credit rating agencies, securitization, default, liquidity, crisis, transparency | credit rating agencies; crisis; default; liquidity; securitization; transparenccy | HG
    • jel: jel:G21 | jel:D82 | jel:G18

This paper examines the role of credit rating agencies in the subprime crisis that triggered the 2007-2008 financial turmoil. We focus on two aspects of ratings that contributed to the boom and bust of the market for structured debt: rating inflation and coarse informat... View more
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