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The Credit Rating Agencies: Understanding Their Central Role in the Subprime Debacle of 2007-2008

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  • Lawrence J. White

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  • Lawrence J. White, 2009. "The Credit Rating Agencies: Understanding Their Central Role in the Subprime Debacle of 2007-2008," Working Papers 09-06, New York University, Leonard N. Stern School of Business, Department of Economics.
    • Handle: RePEc:ste:nystbu:09-06
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    File URL: http://w4.stern.nyu.edu/economics/docs/workingpapers/2009/credit%20rating%20agencies.critical%20review.revised%204-8-09.pdf
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    References listed on IDEAS

    as
    1. Skreta, Vasiliki & Veldkamp, Laura, 2009. "Ratings shopping and asset complexity: A theory of ratings inflation," Journal of Monetary Economics, Elsevier, vol. 56(5), pages 678-695, July.
    2. Joshua Coval & Jakub Jurek & Erik Stafford, 2009. "The Economics of Structured Finance," Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 3-25, Winter.
    3. Lawrence J. White, 2006. "Good Intentions Gone Awry: A Policy Analysis of the SEC's Regulation of the Bond Rating Industry," NFI Policy Briefs 2006-PB-05, Indiana State University, Scott College of Business, Networks Financial Institute.
    4. Altman, Edward I. & Rijken, Herbert A., 2004. "How rating agencies achieve rating stability," Journal of Banking & Finance, Elsevier, vol. 28(11), pages 2679-2714, November.
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    Cited by:

    1. Ludovic Moreau, 2009. "Regulatory versus Informational Value of Bond Ratings: Hints from History ..," Working Papers hal-04140847, HAL.

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