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Niedziółka Paweł (Warsaw School of Economics)
Expected Effects of the Opening of the On-shore Credit Ratings' Market in China for the Big Three and Its Rationale
Bank i Kredyt, 2020, nr 2, s. 189-210, aneks, bibliogr. 51 poz.
Bank & Credit
Słowa kluczowe
Agencje ratingowe, Rating, Ryzyko, Rynek obligacji
Rating agency, Rating, Risk, Bond market
Klasyfikacja JEL: F34, G01
The research focuses on the determination of the directions of development of the CRA market in China in the context of its opening for the Big Three as well as current economic challenges. Two sets of hypotheses are being considered. The first one assumes that the liberalisation of access rules for foreign CRAs is designed to attract foreign capital and direct it to the sectors characterised by relatively high indebtedness. The second hypothesis states that the certification effect and credibility to be gained by Chinese CRAs in the corporate bond markets due to the improvement of their competencies, fiercer competition and tightening of supervisory approach may be transferred to the sovereign ratings segment. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Pełny tekst
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