Financial crises, volatility and sovereign ratings: Do ratings really matter when they are needed most?

金融危机、波动性和主权评级：在最需要的时候评级真的很重要吗？

• 批准号: DP1093344
• 负责人: Prof Robert Brooks
• 金额: $ 15.45万
• 依托单位: Monash University
• 依托单位国家: 澳大利亚
• 项目类别: Discovery Projects
• 财政年份: 2010
• 资助国家: 澳大利亚
• 起止时间: 2010-01-01 至 2013-12-31
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/DP1093344
• 关键词: Financial; crises; volatility; sovereign; ratings

The stability of Australian financial markets during the Asian financial crisis is a major economic success story. Subsequently, an important policy objective has been in enhancing the capacity of the financial infrastructure in regional financial markets to reduce their exposure to such crises. Recent financial market turmoil dramatically underscores the need to better understand the full myriad of factors that feed into this challenging concern. One critical area of debate is whether or not rating agencies play a calming role. This project will deliver insights that aid development of the financial infrastructure to cope better with such crises and retain investor confidence.

在亚洲金融危机期间，澳大利亚金融市场的稳定是一个重要的经济成功故事。因此，一个重要的政策目标是加强区域金融市场的金融基础设施的能力，以减少它们受到这种危机的影响。最近的金融市场动荡突出表明，有必要更好地了解造成这一具有挑战性的问题的各种因素。争论的一个关键领域是，评级机构是否发挥了安抚作用。该项目将提供有助于金融基础设施发展的见解，以更好地科普此类危机并保持投资者信心。