Evaluation of Sovereign Risk Ratings in Consideration of European Sovereign Debt Crisis

dc.contributor.authorBayar, Yilmaz
dc.date.accessioned2024-09-29T16:11:05Z
dc.date.available2024-09-29T16:11:05Z
dc.date.issued2012
dc.departmentKarabük Üniversitesien_US
dc.description6th International Scientific Conference on Managing and Modelling of Financial Risks -- SEP 10-11, 2012 -- Ostrava, CZECH REPUBLICen_US
dc.description.abstractThe subprime crisis which emerged in the US at the end of 2007 turned to global financial crisis as of September 2008. Fiscal stimulus packages, nationalization of banks and private debt to alleviate the negative effects global financial crisis over national economies together with decreases in tax revenues as a consequence of economic contraction caused deterioration in public finances all over the world. The sharp deterioration in public finances raised investor concerns about sovereign risk and caused to question the sharp adjustments of sovereign risk ratings by the major world agencies, Fitch, Standard and Poor's and Moody's. The Eurozone sovereign debt crisis caused to raise questions about the credit rating agencies which failed to predict many crises such as Mexican and Asian currency crises one more time. The purpose of this study is firstly to examine sovereign risk rating methodologies briefly and then evaluate the sovereign risk ratings as an early warning indicator for the investors in consideration of Eurozone sovereign debt crisis.en_US
dc.description.sponsorshipVSB Tech Univ Ostrava, Fac Econ, Finance Depten_US
dc.identifier.endpage32en_US
dc.identifier.isbn978-80-248-2835-0
dc.identifier.issn2464-6970
dc.identifier.issn2464-6989
dc.identifier.startpage22en_US
dc.identifier.urihttps://hdl.handle.net/20.500.14619/8151
dc.identifier.wosWOS:000317528600002en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherVsb-Tu Ostrava, Fac Econen_US
dc.relation.ispartofManaging and Modelling of Financial Risks - 6th International Scientific Conference Proceedings, Pts 1 and 2en_US
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectGlobal financial crisisen_US
dc.subjectEurozone sovereign debt crisisen_US
dc.subjectsovereign risken_US
dc.subjectsovereign risk ratingen_US
dc.titleEvaluation of Sovereign Risk Ratings in Consideration of European Sovereign Debt Crisisen_US
dc.typeConference Objecten_US

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