Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5069442 | Finance Research Letters | 2016 | 8 Pages |
Abstract
This article shows that financial openness significantly affects corporate and sovereign credit ratings and that the magnitude of this effect depends on the level of development of the domestic financial market. Issuers located in less financially developed economiesi stand to benefit the most from opening up their capital accounts, whereas the impact of this effect decreases as the level of development of the domestic capital market improves.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Eugenia Andreasen, Patricio Valenzuela,