Credit Rating Inflation during the 2000s: Lessons from the U.S. State Governments
The recent subprime mortgage crisis in 2008 was considered as resulted partly from the credit rating inflation of subprime mortgage bonds. The credit rating market of state governments may face the same risk of credit rating inflation as that witnessed during the recent recession. In this paper, we...
Main Authors: | Sungchan Kim, Soyoung Park |
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Format: | Article |
Language: | English |
Published: |
EconJournals
2016-03-01
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Series: | International Journal of Economics and Financial Issues |
Subjects: | |
Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/32008/353634?publisher=http-www-cag-edu-tr-ilhan-ozturk |
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