'Bank systemic risk: An analysis of the sovereign rating ceiling policy and rating downgrades

'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...

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Bibliographic Details
Main Authors: Md Abdul, Wasi, Pham, Thu Phuong, Ralf, Zurbruegg
Format: Journal Article
Published: Wiley-Blackwell 2022
Online Access:http://hdl.handle.net/20.500.11937/88673

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