The role of rating agencies in the subprime crisis
- Authors
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Blanca Rubí Martínez Cabañas
, Universidad Veracruzana. Facultad de Contaduría y AdministraciónAuthor -
Rogelio Ladrón De Guevara Cortés
, Universidad Veracruzana. Instituto de Investigaciones y Estudios Superiores de las Ciencias AdministrativasAuthor -
Rosa Marina Madrid Paredones
, Universidad Veracruzana. Instituto de Investigaciones y Estudios Superiores de las Ciencias AdministrativasAuthor
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- Keywords:
- Speculative bubbles, rating agencies, subprime financial crisis, ethics in finance
- Abstract
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The purpose of this article is to present the conclusions of the analysis done about the role played by rating agencies in the development of the subprime financial crisis. A documental analysis was made about the actions carried out by the three main rating agencies: Standard and Poor, Moody’s and Fitch, in the development and deepening of the subprime crisis. A favorable rating issued by these companies boosted the securitization of a certain financial instruments or issuers, but in the same way, their conflict of interest evolved into problems or failures in the world financial system.
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- Published
- 2019-03-30
- Section
- Artículos
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Copyright (c) 2019 FIDES ET RATIO
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
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