The Rating Agencies: Is Regulation the Answer?

Restoring Financial Stability: How to Repair a Failed System

Volumn , Issue , 2012, Pages 101-115

  Richardson, Matthew ^a   White, Lawrence J ^a  

^a OLD DOMINION UNIVERSITY   (United States)

Author keywords

Credit rating agencies; Rating agencies; Standard poor's; Subprime mortgage debacle; U.S. financial sector

Indexed keywords

EID: 84886201923     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1002/9781118258163.ch3     Document Type: Chapter

References (12)

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2. Altman, Edward I., and Herbert A. Rijken. 2006. A point-in-time perspective on through-the-cycle ratings. Financial Analysts Journal 62 (January-February): 54-70.
3. Cantor, Richard, and Frank Packer. 1995. The credit rating industry. Journal of Fixed Income 5 (December): 10-34.
4. Gorton, Gary. 2008. The panic of 2007. Yale working paper.
5. Partnoy, Frank. 1999. The Siskel and Ebert of financial markets: Two thumbs down for the credit rating agencies. Washington University Law Quarterly 77 (3): 619-712.
6. Partnoy, Frank. 2002. The paradox of credit ratings. In Ratings, rating agencies, and the global financial system, ed. Richard M. Levich, Carmen Reinhart, and Giovanni Majnoni, 65-84. Boston: Kluwer.
7. Skreta, Vasiliki, and Laura Veldkamp. 2008. Ratings shopping and asset complexity: A theory of ratings inflation. Working Paper #EC-08-28, Stern School of Business, New York University, October.
8. Sylla, Richard. 2002. An historical primer on the business of credit ratings. In Ratings, rating agencies, and the global financial system, ed. Richard M. Levich, Carmen Reinhart, and Giovanni Majnoni, 19-40. Boston: Kluwer. UBS. 2007. Market commentary (December 13).
9. White, Lawrence J. 2002. The credit rating industry: An industrial organization analysis. In Ratings, rating agencies, and the global financial system, ed.Richard M. Levich, Carmen Reinhart, and Giovanni Majnoni, 41-63. Boston: Kluwer.
10. White, Lawrence J. 2002-2003. The SEC's other problem. Regulation 25 (Winter): 38-42.
11. White, Lawrence J. 2006. Good intentions gone awry: A policy analysis of the SEC's regulation of the bond rating industry. Policy Brief #2006-PB-05, Networks Financial Institute, Indiana State University.
12. White, Lawrence J. 2007. A new law for the bond rating industry. Regulation 30 (Spring): 48-52.