The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Developing the Financial Infrastructure in an Emerging Market Economy: The Role of Credit Rating Agencies
Abstract
This chapter examines the role of credit rating agencies in capital-market development and on the conduct of monetary policy. Rating agencies in developed capital markets provide quality certification to issuers, while their role in emerging capital markets is mainly to enhance informational efficiency in the marketplace. The authors highlight some indirect macroeconomic consequences from the presence of a rating agency, including its monetary surveillance role and the positive implications for foreign investments. The chapter also outlines the conditions for an effective rating agency in an emerging market economy, discusses the benefits of security ratings to constituencies, and proposes a scenario for a rating agency’s design. The collaboration of regulators, central bankers, and issuers is especially critical to the success of a rating agency.
Related Content
Mukul Bhatnagar, Nitin Pathak.
© 2024.
16 pages.
|
Mitushi Singh, Mukul Bhatnagar.
© 2024.
32 pages.
|
Vikas Sharma, Sanjay Taneja, Kshitiz Jangir, Kirti Khanna.
© 2024.
15 pages.
|
Preet Kanwal.
© 2024.
17 pages.
|
Kapil Sharma, Yogesh Kumar, Rajiv Khosla, Sanjay Taneja.
© 2024.
16 pages.
|
Sanjeev Kumar, Mohammad Badruddoza Talukder, Firoj Kabir, Fahmida Kaiser.
© 2024.
15 pages.
|
K. K. Kishore Mishra, Swati Priya, Syed Sajid Hussain, Swati Gupta.
© 2024.
17 pages.
|
|
|