Systemic and Reputational Risk in the Activities of Rating Agencies

This article contains an analysis of the impact channels through which credit rating agencies may affect systemic risk, while raising the research question of whether reputational risk is a sufficient mechanism for disciplining credit rating agencies and motivating them to care for the high quality...

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Bibliographic Details
Main Author: Paweł Niedziółka
Format: Article
Language:English
Published: Collegium of Economic Analysis, SGH Warsaw School of Economics 2019-06-01
Series:Gospodarka Narodowa. The Polish Journal of Economics
Subjects:
Online Access:http://www.journalssystem.com/gna/,108611,0,2.html