Tag Archives: credit

Current Expected Credit Loss and Consumer Lending 

By | March 3, 2023

In the aftermath of the Global Financial Crisis of 2007-2008, there was a heated public debate about the causes of the crisis and what policies should be adopted to ensure that history would not repeat itself. Many people and policymakers pointed their fingers at the lax accounting standards that seemingly allowed financial institutions to take… Read More »

The Initial and Subsequent Credit Rating Effects of Acquisitions

By | July 21, 2021

The financial system has developed several mechanisms to align interests of managers and investors. Our study focuses on one such mechanism—credit rating agencies. The financial crisis of 2008 highlighted the importance of well-functioning credit rating agencies. The failure of credit rating agencies during the crisis was a focus of the Dodd-Frank Act of 2010 (“Dodd-Frank”),… Read More »