Leseprobe
Contents
List of Figures
List of Tables
1 Introduction
2 Previous Literature
3 Agencies’ rating assessment
3.1 Rating Definitions and Methodology
3.2 Rating Transition Matrices
4 Ordered Probit Model
4.1 Mathematical Framework
4.2 Model parameters
4.3 Marginal effects
5 Data
5.1 Data summary
5.2 Independent Variables and direction of change
5.3 Choice of Variables
6 Estimation
6.1 Simple Ordered Probit Model
6.2 Random Effects Ordered Probit Model
6.3 Marginal Effects
7 Predicted Probabilities and Transition matrices
7.1 Predicted Probabilities
7.2 Unconditional Transition Matrices
7.3 Conditional Transition Matrices
8 Conclusion
Appendix
References
Ende der Leseprobe aus 48 Seiten
- Arbeit zitieren
- Alex Bergen (Autor:in), 2012, Rating change probabilities: An empirical analysis of sovereign ratings, München, GRIN Verlag, https://www.grin.com/document/231459
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