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Ratingagenturen: Verursacher, Verstärker oder im Sog der Staatsschuldenkrise?

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  • Thomas Url

    (WIFO)

Abstract

Ratingagenturen verarbeiten Informationen über die politische, wirtschaftliche und finanzielle Lage eines Staates in ein einfaches Signal für Anleger. Sie erleichtern damit vor allem grenzüberschreitende Investitionen. Ratings konnten in einigen empirischen Untersuchungen als Ursache der Ausweitung des Zinsdifferentials zu einem Vergleichsland mit sicherer Veranlagungsmöglichkeit identifiziert werden. Die Möglichkeit der Auslösung eines selbstverstärkenden Prozesses aus Zinssatzsteigerungen und Herabstufungen stellt Ratingagenturen während der europäischen Staatsschuldenkrise in den Mittelpunkt des wirtschaftspolitischen Interesses.

Suggested Citation

  • Thomas Url, 2011. "Ratingagenturen: Verursacher, Verstärker oder im Sog der Staatsschuldenkrise?," WIFO Monatsberichte (monthly reports), WIFO, vol. 84(12), pages 811-825, December.
    • Handle: RePEc:wfo:monber:y:2011:i:12:p:811-825
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    References listed on IDEAS

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