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Warning: Rating agencies may be harmful to your (financial) health. CEPS Commentaries, 27 January 2009

Grauwe, Paul De. (2009) Warning: Rating agencies may be harmful to your (financial) health. CEPS Commentaries, 27 January 2009. [Policy Paper]

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    Abstract

    In a new CEPS Commentary, Paul De Grauwe takes rating agencies to task for having systematically rewarded companies for taking too much risk in the past and for punishing companies today for taking too little, thereby exacerbating the financial crisis.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 02 Jun 2009
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:12
    URI: http://aei.pitt.edu/id/eprint/11098

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