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The Criticality of the Rating Market Views through Greece

Received: 2 October 2013    Accepted:     Published: 10 January 2014
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Abstract

The article highlights the limits rating criteria, that after the crisis of 2007 is to influence more and more the operation of financial markets, but also the economic policies of national governments. The work indicates the critical market rating which presents itself as an oligopolistic market.After, in this paper we examine the determinants of credit rating in the Greece issued by agencies such as S&P. The objective of this paper is to analyze a statistic index which is actually the result of unknown algorithms. Therefore, taking a time series variables and choices appropriate to the model, we apply a GARCH model to estimate the economic result of the rating. Although the economic literature there are many contributions (Rowland and Torres 2004, Peter Rowland 2006), most uses of the panel in probit models. However, differences in economic variables from country to country choices in the model do not permit a more uniform result in order to capture the true rating of Greece.

Published in International Journal of Business and Economics Research (Volume 2, Issue 6)
DOI 10.11648/j.ijber.20130206.16
Page(s) 169-173
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Rating, Financial Markets

References
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[12] Frost C.A. (2006), Credit Rating Agencies in Capital Markets: A Review of Research Evidence on Selected criticism of the Agencies, Working Paper, March.
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    Maria Pompò. (2014). The Criticality of the Rating Market Views through Greece. International Journal of Business and Economics Research, 2(6), 169-173. https://doi.org/10.11648/j.ijber.20130206.16

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    Maria Pompò. The Criticality of the Rating Market Views through Greece. Int. J. Bus. Econ. Res. 2014, 2(6), 169-173. doi: 10.11648/j.ijber.20130206.16

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    AMA Style

    Maria Pompò. The Criticality of the Rating Market Views through Greece. Int J Bus Econ Res. 2014;2(6):169-173. doi: 10.11648/j.ijber.20130206.16

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  • @article{10.11648/j.ijber.20130206.16,
      author = {Maria Pompò},
      title = {The Criticality of the Rating Market Views through Greece},
      journal = {International Journal of Business and Economics Research},
      volume = {2},
      number = {6},
      pages = {169-173},
      doi = {10.11648/j.ijber.20130206.16},
      url = {https://doi.org/10.11648/j.ijber.20130206.16},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20130206.16},
      abstract = {The article highlights the limits rating criteria, that after the crisis of 2007 is to influence more and more the operation of financial markets, but also the economic policies of national governments. The work indicates the critical market rating which presents itself as an oligopolistic market.After, in this paper we examine the determinants of credit rating in the Greece issued by agencies such as S&P. The objective of this paper is to analyze a statistic index which is actually the result of unknown algorithms. Therefore, taking a time series variables and choices appropriate to the model, we apply a GARCH model to estimate the economic result of the rating. Although the economic literature there are many contributions (Rowland and Torres 2004, Peter Rowland 2006), most uses of the panel in probit models. However, differences in economic variables from country to country choices in the model do not permit a more uniform result in order to capture the true rating of Greece.},
     year = {2014}
    }
    

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    AU  - Maria Pompò
    Y1  - 2014/01/10
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    N1  - https://doi.org/10.11648/j.ijber.20130206.16
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    T2  - International Journal of Business and Economics Research
    JF  - International Journal of Business and Economics Research
    JO  - International Journal of Business and Economics Research
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    AB  - The article highlights the limits rating criteria, that after the crisis of 2007 is to influence more and more the operation of financial markets, but also the economic policies of national governments. The work indicates the critical market rating which presents itself as an oligopolistic market.After, in this paper we examine the determinants of credit rating in the Greece issued by agencies such as S&P. The objective of this paper is to analyze a statistic index which is actually the result of unknown algorithms. Therefore, taking a time series variables and choices appropriate to the model, we apply a GARCH model to estimate the economic result of the rating. Although the economic literature there are many contributions (Rowland and Torres 2004, Peter Rowland 2006), most uses of the panel in probit models. However, differences in economic variables from country to country choices in the model do not permit a more uniform result in order to capture the true rating of Greece.
    VL  - 2
    IS  - 6
    ER  - 

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Author Information
  • University “ Giustino fortunato”Benevento via Del Cogliano, Researcher in Political Economy. I deal whith monetary policy, Professor in Economic Policy “ Giustino fortunato” Benevento, Professor in Environmental Economics University “ LUSPIO” ROMA

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