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Länderrisiko: Die ökonomischen Konsequenzen einer Herabstufung durch die Ratingagenturen

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  • Benjamin Käfer
  • Jochen Michaelis

Abstract

Bei der Kritik an den Rating-Agenturen wird häufig missachtet, dass ihre Macht weitgehend politikgemacht ist. Es sind der Staat und die EZB, die über Gesetze und Regulierungen den Ratings eine Multiplikatorwirkung zuschreiben. Dieser Beitrag skizziert anhand der Länder-ratings die einschlägigen Wirkungskanäle.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Benjamin Käfer & Jochen Michaelis, 2012. "Länderrisiko: Die ökonomischen Konsequenzen einer Herabstufung durch die Ratingagenturen," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 92(2), pages 95-100, February.
    • Handle: RePEc:spr:wirtsc:v:92:y:2012:i:2:p:95-100
    DOI: 10.1007/s10273-012-1333-z
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    1. Patrick Bolton & Olivier Jeanne, 2011. "Sovereign Default Risk and Bank Fragility in Financially Integrated Economies," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(2), pages 162-194, June.
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    3. Lawrence J. White, 2010. "Markets: The Credit Rating Agencies," Journal of Economic Perspectives, American Economic Association, vol. 24(2), pages 211-226, Spring.
    4. Mr. Ashok Vir Bhatia, 2002. "Sovereign Credit Ratings Methodology: An Evaluation," IMF Working Papers 2002/170, International Monetary Fund.
    5. Anil K. Kashyap & Jeremy C. Stein, 2004. "Cyclical implications of the Basel II capital standards," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 28(Q I), pages 18-31.
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