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The Influence of Ratings on International Finance Markets

  • Book
  • © 2000

Overview

Authors:
  1. Julia Maltzan Pacheco
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Part of the book series: Gabler Edition Wissenschaft (GEW)

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Table of contents (7 chapters)

  1. Front Matter

    Pages I-XX
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  2. Capital Flows to Emerging Markets

    1. Capital Flows to Emerging Markets

      • Julia von Maltzan Pacheco
      Pages 1-18

  3. Risk and Economic Activity

    1. Risk and Economic Activity

      • Julia von Maltzan Pacheco
      Pages 19-41

  4. Sovereign Risk: Who Rates Whom and How?

    1. Sovereign Risk: Who Rates Whom and How?

      • Julia von Maltzan Pacheco
      Pages 43-66

  5. The Influence of Ratings on International Finance Markets

    1. Front Matter

      Pages 67-67
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    2. Ratings’ Impact on Financial Market Returns

      • Julia von Maltzan Pacheco
      Pages 69-142

    3. Rating and Their Determinants: An Empirical Attempt

      • Julia von Maltzan Pacheco
      Pages 143-155

    4. Granger Causality between Ratings and Yields

      • Julia von Maltzan Pacheco
      Pages 157-179

    5. Policy Conclusion

      • Julia von Maltzan Pacheco
      Pages 181-197

  6. Back Matter

    Pages 199-213
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Keywords

About this book

The nineties have witnessed a boom of capital flows towards emerging markets which found an abrupt end with the Asian financial crisis in 1997/98. During and after the Asian and Mexican financial crises investors complained about the inefficiency of rating agencies and blamed them for enforcing the dynamics of financial crises.

Julia von Maltzan Pacheco discusses strengths and weaknesses of rating agencies within international markets of sovereign finance. She also presents policy options that focus especially on measures, which could prevent severe crises in international financial markets. An empirical study shows that rating agencies are important market players in international financial markets and that they need to improve their performance and to adapt their rating assessment constantly to the latest events.

About the author

Dr. Julia von Maltzan Pacheco promovierte bei Prof. Dr. Gerd Hansen am Lehrstuhl für Ökonometrie der Universität Kiel. Sie war Konsultant im Development Centre der OECD in Paris und ist heute als Kapitalmarkt-Analystin bei der BBA Creditanstalt S.A. in Sao Paulo, Brasilien tätig.

Bibliographic Information

  • Book Title: The Influence of Ratings on International Finance Markets

  • Authors: Julia Maltzan Pacheco

  • Series Title: Gabler Edition Wissenschaft

  • DOI: https://doi.org/10.1007/978-3-663-09040-3

  • Publisher: Deutscher Universitätsverlag Wiesbaden

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Fachmedien Wiesbaden 2000

  • Softcover ISBN: 978-3-8244-7218-5Published: 29 November 2000

  • eBook ISBN: 978-3-663-09040-3Published: 21 November 2013

  • Edition Number: 1

  • Number of Pages: XX, 213

  • Number of Illustrations: 35 b/w illustrations

  • Topics: Business and Management, general

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