'Bank systemic risk: An analysis of the sovereign rating ceiling policy and rating downgrades
We investigate the impact that the sovereign ceiling policy has on financial stability. In the event of a sovereign rating downgrade, we find that the rating agencies' sovereign ceiling policy leads to a disproportionate downgrade of the most creditworthy financial institutions in the economy a...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Wiley-Blackwell
2022
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| Online Access: | http://hdl.handle.net/20.500.11937/88673 |