{"product_id":"rating-change-probabilities-alex-bergen-9783656470823","title":"Rating change probabilities: An empirical analysis of sovereign ratings","description":"Bachelor Thesis from the year 2012 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, University of Mannheim, language: English, abstract: In my Bachelor thesis I analyze the determinants of rating changes and the variables'marginal effects on rating change probabilities. Based on my results, I present transition matrices by computing transition probabilities. Furthermore, I analyze subsamples of my data set, conditional on the business cycle and the economic strength of a country, by using interaction effects. I thereby verify whether or how the transition matrices change by including interaction effects. I apply a latent variable approach, using an ordered probit model, to calculate the effects of different variables on the probabilities of rating changes.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Alex Bergen\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3656470820\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783656470823\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Grin Verlag\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 08\/05\/2013\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 54\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.18lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.27h x 5.83w x 0.13d","brand":"Alex Bergen","offers":[{"title":"Paperback","offer_id":47579928101119,"sku":"9783656470823","price":47.5,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_1f9fcc49-d361-4131-a1cd-c48a2189cc09.jpg?v=1763877632","url":"https:\/\/www.whiterainbookhouse.com\/products\/rating-change-probabilities-alex-bergen-9783656470823","provider":"WR Book House","version":"1.0","type":"link"}