{"product_id":"sovereign-debt-and-rating-agency-bias-hardcover","title":"Sovereign Debt and Rating Agency Bias - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eD. Tennant\u003c\/b\u003e (Author), \u003cb\u003eM. Tracey\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eSovereign Debt and Credit Rating Bias investigates rating agencies' assignments of sovereign debt upgrades and downgrades to examine the pervasive allegations of systemic differences in rigor and accuracy of ratings ascribed to developed and developing countries.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003eSovereign Debt and Credit Rating Bias rejects the notion that credit rating agencies' rigorous and transparent determination of ratings leaves no room for bias, and debunks the myth that the value CRAs place on their reputational capital precludes prolonged biases. To determine the extent of CRAs' biased actions, Tennant and Tracey apply a rigorous methodology to a well-established economic model of the determinants of sovereign debt quality. They present strong evidence of bias against poor countries and demonstrate how biased rating changes could disadvantage such countries and the companies operating therein as they seek access to international capital markets. They discuss plausible explanations for the bias and suggest remedial measures that would help ensure balance in credit rating changes. This book fills an important gap by rigorously examining a long-standing but often ignored concern about the rating practices of credit rating agencies.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eDavid F. Tennant is Professor of Development Finance in the Department of Economics and Associate Dean in the Faculty of Social Sciences at the University of the West Indies, Jamaica. He was previously Economist in the Financial Regulations Division of the Jamaican Ministry of Finance and Planning. \u003cbr\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eMarlon R. Tracey is a doctoral student in his final year of studying labor economics and applied econometrics in the Department of Economics at Binghamton University, State University of New York, USA. He was previously Lecturer of Statistics and Statistics Coordinator in the Department of Economics at the University of the West Indies, Jamaica. \u003cbr\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 125\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.44 x 8.5 x 5.5 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e December 04, 2015\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":49147512029436,"sku":"9781137397102","price":131.71,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0002\/8344\/3259\/files\/wrImwmzO7K9781137397102.webp?v=1780184096","url":"https:\/\/howardimports.myshopify.com\/products\/sovereign-debt-and-rating-agency-bias-hardcover","provider":"Zyayre","version":"1.0","type":"link"}