Why performativity limits credit rating reform
The 2008 crisis made clear that credit rating agencies (CRAs) can contribute to systemic financial risk. Surprisingly, post-crisis reforms have hardly addressed the underlying problems, including rating agencies’ methodologies, their ratings’ homogeneity, and widespread market reliance on these sign...
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| Format: | Article |
| Language: | English |
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University of Edinburgh
2019-05-01
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| Series: | Finance and Society |
| Online Access: | http://financeandsociety.ed.ac.uk/article/view/3016 |