Essays in financial intermediation

The thesis consists of three papers. Credit Rating and Competition (co-authored wth Pragyan Deb and Nelson Camanho) studies the behaviour of credit rating agencies in a competitive framework with the presence of conflicts of interest. We show that competition for market share through reputation is i...

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Bibliographic Details
Main Author: Liu, Zijun
Published: London School of Economics and Political Science (University of London) 2011
Subjects:
Online Access:http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.550714