{"id":116626,"date":"2024-01-22T20:07:48","date_gmt":"2024-01-22T19:07:48","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/116626\/"},"modified":"2024-11-07T04:40:44","modified_gmt":"2024-11-07T03:40:44","slug":"rating-agencies-creating-amplifying-or-drawn-by-events-in-the-sovereign-debt-crisis","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/116626\/","title":{"rendered":"Rating Agencies: Creating, Amplifying or Drawn by Events in the Sovereign Debt Crisis?"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-116626","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Rating agencies transform information on a country's political, economic and financial situation into a summary indicator for investors. Thereby they mainly facilitate cross-border investment. In a number of empirical studies, ratings have been found to have been responsible for a widening of interest rate differentials vis-\u00e0-vis a reference country considered as a safe haven. The potential of triggering a vicious circle of interest rate increases and downgrades have put rating agencies into the focus of political interest in the context of the European sovereign debt crisis.","onlinedate":"2012-05-22 02:00:00","lang":"English","publication_series":"","publication_date":"20120501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Euro Crisis Ratings Rating Agencies\"]","jelcodes":"[]","related_publications":"[]","pdf":344617,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"17","monthly_report_pages":"108-121","monthly_report_pages_sort":"108","issue":"2","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"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":"","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 v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rating Agencies: Creating, Amplifying or Drawn by Events in the Sovereign Debt Crisis? 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