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Ratings since the Asian Crisis

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  • Helmut Reisen

Abstract

The increased importance of rating agencies for emerging-market finance has brought their work to the attention of a wider group of observers - and under criticism. This paper evaluates whether the importance of ratings for developing-country finance has changed since the Asian Crisis and whether rating agencies have modified the determinants for their rating decisions. It also provides an analysis on recent suggestions by the Basel Committee on Banking Supervision, as these are very important for gauging the future role of sovereign ratings for foreign debt finance in developing countries.

Suggested Citation

  • Helmut Reisen, 2002. "Ratings since the Asian Crisis," WIDER Working Paper Series DP2002-02, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2002-02
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    References listed on IDEAS

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