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This book investigates the role, as well as the accuracy of credit ratings, both for companies and countries. In the first article, I find that credit ratings capture financial constraints more effectively relative to other popular proxies. The second paper focuses on a change in the rules of a widely-followed bond…
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Markus Lutteman
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Malin Albertsson, Malin Johansson
Lennart Wrigholm, Göran Brandels, Peder Sveder