Credit Ratings Failures and Policy Options

By M. Pagano, Paolo F. Volpin. 2010

169 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/21a0aa996c3dd75b06c705ca66074dcec675e6e2

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Finance

1. Amit Seru
2. Vikrant Vig
3. Jakob de Haan
4. Uday Rajan
5. Tomasz Piskorski
6. Ronel Elul
7. Gregor Matvos
8. Sumit Agarwal

Citations in the corpus

• The Failure of Models that Predict Failure: Distance, Incentives and Defaults (2010, background): “1 Calomiris (2009), Mayer (2010), and Pagano and Volpin (2010)”
• Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing (2013, unknown): “These findings are in sharp contrast to the work on the ratings of asset-backed securities, which suggests that the ratings have become more inflated over time (see, for example, Pagano and Volpin (2010)).”
• Credit Rating Agencies (2011, background): “The ‘issuer pays’ model is not unproblematic, as it creates partly irreconcilable incentives (Pagano and Volpin, 2010).”
• Rating Shopping or Catering? An Examination of the Response to Competitive Pressure for CDO Credit Ratings (2013, unknown): “Transparency is shown optimal in theory by Pagano and Volpin (2010).”