The Performance of Credit Rating Systems in the Assessment of Collateral used in Eurosystem Monetary Policy Operations

Coppens, François; González, Fernando; Winkler, Gerhard

doi:10.2139/ssrn.977356

Cited by 15 publications

(5 citation statements)

References 16 publications

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“…Countries in emerging Europe and emerging Asia experiencing more pronounced income growth (relative to the core country) are found to record higher current account defi cits or lower surpluses. 65 Moreover, as in Masson et al (1998) and Chinn/Prasad (2003), countries with a higher dependency ratio show a higher current account defi cit. Furthermore, larger gross infl ows of capital as well as stronger FDI infl ows, both expressed as a percentage of GDP of the recipient country, increase the current account defi cit signifi cantly, indicating that foreign capital acts as a major source of investment funding.…”

Section: Estimation Resultsmentioning

confidence: 99%

Real Convergence, Financial Markets, and the Current Account - Emerging Europe versus Emerging Asia

Herrmann,

Winkler

2008

SSRN Journal

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Section: Estimation Resultsmentioning

confidence: 99%

Real Convergence, Financial Markets, and the Current Account - Emerging Europe versus Emerging Asia

Herrmann,

Winkler

2008

SSRN Journal

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“…Return on Equity (ROE) is among the most frequently employed measures to ascertain a bank's profitability (Ameur & Khiri, 2013;Bikker, 2010;Hasan et al, 2012;Kosmidou & Zopounidis, 2008;Kumbirai & Webb, 2010;Ongore & 102 G.B.Kusa, 2013cited from Keffala, 2019. And, credit ratings are often used as a benchmark by lending institutions to assess and compare the performance of banks (Coppens et al, 2007).…”

Section: Impact Of Credit Rating On Financial Markets and Countries G...mentioning

confidence: 99%

An Empirical Study on the Relationship Between Credit Rating and Banks´ Performance: Evidence from an Emerging Market

Abu-Alkheil,

Khartabiel,

Riaz

et al. 2023

Int. J. Acct. Bus. Fin.

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This paper provides new empirical evidence with respect to the influence of banks´ long- and short-term credit ratings and their volatility performance in the emerging market of Pakistan covering 10-year analysis and a unique and comprehensive data set derived from a sample of Islamic and conventional banks with Islamic windows. The purpose of this paper is to examine the nature of the relationship between Islamic banks´ performance and banks´ credit rating focusing on the emerging market of Pakistan over the period of 2010-2019. To achieve the describing goal, researchers use various quantitative approaches, namely the ordinary least square (OLS) and the Granger causality test. Sample consists of nine conventional banks with Islamic windows and three fully-fledged Islamic banks listed on the Karachi Stock Exchange with credit ratings assigned by the PACRA. Results reveal that banks with higher financial performance have higher long- and short-term ratings, higher GDP growth rates, lower equity to assets ratio, and are smaller in size. Results also array the existence of bidirectional Granger causality between short- and long-term ratings and ROE and a unidirectional Granger causality between trend ROE and trend short- and long-term ratings, respectively.

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“…From the sectoral database available in EU KLEMS (Table 14) six main sectors have been analysed. The main sectors are: Agriculture (corresponding to ISIC codes: 01-05), Industry excluding construction (10-41), Construction (45), , Financial intermediation (65)(66)(67)(68)(69)(70)(71)(72)(73)(74), and Other services .…”

Section: Annex 1 -Data Sources and Coveragementioning

confidence: 99%

Wage Growth Dispersion across the Euro Area Countries: Some Stylised Facts

Andersson,

Gieseck,

Pierluigi

et al. 2008

SSRN Journal

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The Performance of Credit Rating Systems in the Assessment of Collateral used in Eurosystem Monetary Policy Operations

Cited by 15 publications

References 16 publications

Real Convergence, Financial Markets, and the Current Account - Emerging Europe versus Emerging Asia

Real Convergence, Financial Markets, and the Current Account - Emerging Europe versus Emerging Asia

An Empirical Study on the Relationship Between Credit Rating and Banks´ Performance: Evidence from an Emerging Market

Wage Growth Dispersion across the Euro Area Countries: Some Stylised Facts

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