Work

Ordered response models for sovereign debt ratings†

Year: 2008

Type: article

Abstract: Using ordered logit and probit plus random effects ordered probit approaches, we study the determinants of sovereign debt ratings. We found that the last procedure is the best for panel data as it takes into account the additional cross-section error.

Source: Applied Economics Letters

DOI: 10.1080/13504850701221931

Authors: António Afonso, Pedro Gomes, Philipp Rother

Institutions: European Central Bank, Universidade Técnica de Lisboa, London School of Economics and Political Science

Language: English

Topic: Credit Risk and Financial Regulations

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

Funders: Universidade Estadual do Ceará, Fundação para a Ciência e a Tecnologia

OpenAlex ID: W2138148685

FWCI: 4.659

Cites: 6

Cited by: 88

Related to: 10