English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 94986/125531 (76%)
Visitors : 31147108      Online Users : 494
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 >  Item 140.119/117546
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/117546

    Title: The Relation between Sovereign Credit Rating Revisions and Economic growth
    Authors: 陳聖賢
    Chen, Sheng-Syan
    Chen, Hsien-Yi
    Chang, Chong-Chuo
    Yang, Shu-Ling
    Contributors: 財管系
    Keywords: Economic growth;Sovereign credit rating revision;Capital flows
    Date: 2016
    Issue Date: 2018-06-11 17:11:01 (UTC+8)
    Abstract: A country’s economic growth exhibits a significant response to sovereign rating changes: a one-notch upgrade (downgrade) causes an increase (decline) of about 0.6% (0.3%) in re-rated countries’ five-year average annual growth rates. The results hold after accounting for other determinants of economic growth and potential endogeneity problems, and are robust to the use of quarterly data. Changes in country rating affect economic growth via the interest-rate and capital-flow channels: narrower sovereign bond yield spreads and increased capital inflows are associated with upgrades, which stimulate re-rated countries’ economic performance, and the converse holds for downgrades.
    Relation: Journal of Banking and Finance, Vol.64, pp.90-100
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1016/j.jbankfin.2015.10.012
    DOI: 10.1016/j.jbankfin.2015.10.012
    Appears in Collections:[財務管理學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    90100.pdf368KbAdobe PDF198View/Open

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback