"Ratings" y financiación empresarial

Referencias bibliográficas

• Alp, A. (2013), «Structural shifts in credit rating standards», The Journal of Finance, 68(6): 2435-2470.
• Amato, J.D., y Furfine, C.H. (2004), «Are credit ratings procyclical?», Journal of Banking and Finance, 28 (11): 2641-2677.
• Banco Central Europeo (2008a), Financial Stability Review, diciembre. Disponible en: http://www.ecb.int/pub.
• Banco Central Europeo (2008b), Financial Stability Review, junio. Disponible en: http://www.ecb.int/pub.
• Banco Central Europeo (2011), «Proposal for a regulation of the european parliament and of the council amending regulation (ec) nº 1060/2009 on credit rating agencies», 15 de noviembre de 2011.
• Bank of England (2011), «Whither the credit ratings industry?». Financial Stability Paper, No. 9.
• Baghai, R. P.; Servaes, H., y Tamayo, A. (2014), «Have rating agencies become more conservative? Implications for capital structure and debt pricing», The Journal of Finance, 69 (5): 1961-2005.
• Bangia, A.; Diebold, F. X.; Kronimus, A.; Schagen, C., y Schuermann, T. (2002), «Ratings migration and the business cycle, with application to credit portfolio stress testing», Journal of Banking and Finance, 26 (2): 445-474.
• Barron, M.J.; Clare, A.D., y Thomas, S.H. (1997), «The effect of bond rating changes and new ratings changes on UK stock returns», Journal of Business Finance and Accounting, 24, 497-509.
• Blume, M. E.; Lim, F., y MacKinlay, A.C. (1998), «The declining credit quality of US corporate debt: Myth or reality?», The Journal of Finance, 53(4): 1389-1413.
• Caporale, G.; Matousek, R., y Stewart, C. (2011), «EU banks rating assignments: Is there heterogeneity between new and old member countries?», Review of International Economics. 19 (1): 189-206
• Comisión Europea (2011), Proposal for a regulation of the European Parliament and of the council amending regulation (ec) nº 1060/2009 on credit rating agencies, 11 de noviembre.
• Dittrich, F. (2007), «The credit rating industry: Competition and regulation», University of Cologne, Doctoral Thesis.
• European Securities and Markets Authority (2014), «Credit Rating Agencies» 2014 market share calculations for the purposes of Article 8d of the CRA Regulation’. http://www.esma.europa.eu/system/files/20141583_credit_rating_agencies_market_share_calculation_2014.pdf
• Ferri, G.; Liu, L.G., y Stiglitz, J.E. (1999), «The procyclical role of rating agencies: Evidence from the East Asian crisis», Economic Notes, 28 (3): 335-355.
• Financial Stability Board (2010), Principles for Reducing Reliance on CRA Ratings.
• Financial Stability Forum (2008), Report of the Financial Stability Forum on Enhancing Market and Institutional Resilience 7th abril.
• Fitch (2009), Rating Methodology: Banks and financial institutions, enero.
• Ficth (2011). Global Financial Institutions Rating Criteria, agosto.
• FMI (Fondo Monetario Internacional) (2010), The uses and abuses of sovereign credit ratings, Global financial stability report, octubre 2010.
• Gärtner, M.; Griesbach, B., y Jung, F. (2011), «PIGS or lambs? The European sovereign debt crisis and the role of rating agencies», International Advances in Economic Research, 17 (3): 288-299.
• Laeven, L., y Valencia, F. (2013), «Systemic banking crises database», IMF Economic Review, 61 (2): 225-270.
• Mattaroci, C. (2014), «The Independence of Credit Rating Agencies», How Business Models and Regulators Interact, 1st Edition, Elsevier.
• Moody’s (2007a), Bank financial strength ratings: Global methodology, febrero.
• Moody’s (2007b), Incorporation of joint-default analysis into Moody’s bank rating methodology, febrero.
• Partnoy, F. (1999), The Siskel and Ebert of financial markets: two thumbs down for the credit rating agencies, Washington University Law Quarterly, 77, 619-712.
• Partnoy, F. (2006), «How and why credit rating agencies are not like other gatekeepers». Legal Studies Research Paper Series, University of San Diego, Reseach Paper No. 07-46.
• Ögüt, H.; Doganay, M.M.; Ceylan, N.B., y Aktas, R. (2012), «Prediction of bank financial strength ratings: The case of Turkey», Economic Modelling, 29 (3): 632-640.
• Reisen, H., y Maltzan, J. (1999), «Boom and bust and sovereign ratings», International Finance, 2 (2): 273-293.
• Salvador, C.; Pastor, J.M., y Fernández de Guevara, J. (2014a), «Impact of the subprime crisis on bank ratings: The effect of the hardening of rating policies and worsening of solvency», Journal of Financial Stability, 11, 13-31.
• Salvador, C.; Pastor, J.M., y Fernández de Guevara, J. (2014b), «The adjustment of bank ratings in the financial crisis: International evidence», Working paper Funcas. Nº 750/2014.
• Standard and Poor’s (2011a), Banks: Rating Methodology and Assumptions, noviembre.
• Standard and Poor’s (2011b). «More big changes in Standard & Poor’s rating criteria», RatingsDirect.
• Saugal, R. (2011), «El futuro de la regulación europea de las agencias de calificación crediticia», Perspectivas del Sistema Financiero, 103, 27-38.
• SEC (Securities and Exchange Commission) (2008), Summary report of issues identified in the Commission Staff’s Examinations of Select Credit Rating Agencies, julio 2008
• SEC (2014), Annual Report on Nationally Recognized Statistical Rating Organizations.
• Shen, C.H.; Huang, Y.L., y Hasan, I. (2012), «Asymmetric benchmarking in bank credit rating», Journal of International Financial Markets, Institutions and Money, 22 (1): 171-193.
• Soriano, J.P. (2011), «El papel de la calificación crediticia en los mercados de crédito», Perspectivas del Sistema Financiero, 103, 109-113.
• Trujillo del Valle, J.A. (2011), «Regulación reciente de las agencias de rating», Perspectivas del Sistema Financiero, 103, 61-77.
• Zicchino, L. (2006), «A model of bank capital, lending and the macroeconomy: Basel I versus Basel II», The Manchester School, 74 (s1): 50-77.