{"id":116028,"date":"2024-01-22T19:51:25","date_gmt":"2024-01-22T18:51:25","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/116028\/"},"modified":"2024-11-18T13:19:53","modified_gmt":"2024-11-18T12:19:53","slug":"ratingagenturen-verursacher-verstaerker-oder-im-sog-der-staatsschuldenkrise-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/116028\/","title":{"rendered":"Rating Agencies: Originator, Accelerant or Simply Dragged Into the Sovereign Debt Crisis?"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-116028","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Rating agencies transform data on the political, economic and financial situation of a country into a simple signal for investors. In doing so, they facilitate primarily cross-border investment. Some empirical studies have pinpointed ratings as a cause for the widening interest gap compared to a country that offers safe investment opportunities. Other empirical studies, on the other hand, found a non-linear link between fundamental data on the fiscal position of a country and its interest rate gap vis-\u00e0-vis a country with safe investment opportunities.","onlinedate":"2011-12-19 01:00:00","lang":"German","publication_series":"","publication_date":"20111201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Euro-Krise Ratings\"]","jelcodes":"[]","related_publications":"[]","pdf":416416,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"84","monthly_report_pages":"811-825","monthly_report_pages_sort":"811","issue":"12","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3899],"persons_data":"[{\"personId\":3899,\"personName\":\"Thomas Url\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Url, T.<\\\/span> (2011). <span>Ratingagenturen: Verursacher, Verst\u00e4rker oder im Sog der Staatsschuldenkrise?<\\\/span> <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>84<\\\/em>(12), 811-825. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43197\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43197<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Url T<\\\/span>. <span class=\\\"title\\\"><span>Ratingagenturen: Verursacher, Verst\u00e4rker oder im Sog der Staatsschuldenkrise?<\\\/span><\\\/span> <span>WIFO-Monatsberichte<\\\/span>. 2011 Dec;84(12):811-825.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{2a40a4cfb0c7411c9a500fd3e112b63f,<\\\/div><div>  title    = \\\"Ratingagenturen: Verursacher, Verst{\\\\\\\"a}rker oder im Sog der Staatsschuldenkrise?\\\",<\\\/div><div>  abstract = \\\"Ratingagenturen verarbeiten Informationen {\\\\\\\"u}ber die politische, wirtschaftliche und finanzielle Lage eines Staates in ein einfaches Signal f{\\\\\\\"u}r Anleger. Sie erleichtern damit vor allem grenz{\\\\\\\"u}berschreitende Investitionen. Ratings konnten in einigen empirischen Untersuchungen als Ursache der Ausweitung des Zinsdifferentials zu einem Vergleichsland mit sicherer Veranlagungsm{\\\\\\\"o}glichkeit identifiziert werden. Die M{\\\\\\\"o}glichkeit der Ausl{\\\\\\\"o}sung eines selbstverst{\\\\\\\"a}rkenden Prozesses aus Zinssatzsteigerungen und Herabstufungen stellt Ratingagenturen w{\\\\\\\"a}hrend der europ{\\\\\\\"a}ischen Staatsschuldenkrise in den Mittelpunkt des wirtschaftspolitischen Interesses.\\\",<\\\/div><div>  keywords = \\\"Euro-Krise Ratings, Euro-Krise Ratings\\\",<\\\/div><div>  author   = \\\"Thomas Url\\\",<\\\/div><div>  note     = \\\"Staatsschuldenkrise: Ratingagenturen\\\",<\\\/div><div>  year     = \\\"2011\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"84\\\",<\\\/div><div>  pages    = \\\"811--825\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Ratingagenturen: Verursacher, Verst\u00e4rker oder im Sog der Staatsschuldenkrise?<\\\/p><p>AU  - Url, Thomas<\\\/p><p>N1  - Staatsschuldenkrise: Ratingagenturen<\\\/p><p>PY  - 2011\\\/12<\\\/p><p>Y1  - 2011\\\/12<\\\/p><p>N2  - Ratingagenturen verarbeiten Informationen \u00fcber die politische, wirtschaftliche und finanzielle Lage eines Staates in ein einfaches Signal f\u00fcr Anleger. Sie erleichtern damit vor allem grenz\u00fcberschreitende Investitionen. Ratings konnten in einigen empirischen Untersuchungen als Ursache der Ausweitung des Zinsdifferentials zu einem Vergleichsland mit sicherer Veranlagungsm\u00f6glichkeit identifiziert werden. Die M\u00f6glichkeit der Ausl\u00f6sung eines selbstverst\u00e4rkenden Prozesses aus Zinssatzsteigerungen und Herabstufungen stellt Ratingagenturen w\u00e4hrend der europ\u00e4ischen Staatsschuldenkrise in den Mittelpunkt des wirtschaftspolitischen Interesses.<\\\/p><p>AB  - Ratingagenturen verarbeiten Informationen \u00fcber die politische, wirtschaftliche und finanzielle Lage eines Staates in ein einfaches Signal f\u00fcr Anleger. Sie erleichtern damit vor allem grenz\u00fcberschreitende Investitionen. Ratings konnten in einigen empirischen Untersuchungen als Ursache der Ausweitung des Zinsdifferentials zu einem Vergleichsland mit sicherer Veranlagungsm\u00f6glichkeit identifiziert werden. Die M\u00f6glichkeit der Ausl\u00f6sung eines selbstverst\u00e4rkenden Prozesses aus Zinssatzsteigerungen und Herabstufungen stellt Ratingagenturen w\u00e4hrend der europ\u00e4ischen Staatsschuldenkrise in den Mittelpunkt des wirtschaftspolitischen Interesses.<\\\/p><p>KW  - Euro-Krise Ratings<\\\/p><p>KW  - Euro-Krise Ratings<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 84<\\\/p><p>SP  - 811<\\\/p><p>EP  - 825<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rating Agencies: Originator, Accelerant or Simply Dragged Into the Sovereign Debt Crisis? - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/116028\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rating Agencies: Originator, Accelerant or Simply Dragged Into the Sovereign Debt Crisis?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/116028\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-18T12:19:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/116028\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/116028\\\/\",\"name\":\"Rating Agencies: Originator, Accelerant or Simply Dragged Into the Sovereign Debt Crisis? 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