| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Chen, Hsien-Yi | en_US |
| dc.creator (作者) | Chang, Chong-Chuo | en_US |
| dc.creator (作者) | Yang, Shu-Ling | en_US |
| dc.date (日期) | 2016 | |
| dc.date.accessioned | 11-Jun-2018 17:11:01 (UTC+8) | - |
| dc.date.available | 11-Jun-2018 17:11:01 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-Jun-2018 17:11:01 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117546 | - |
| dc.description.abstract (摘要) | A country’s economic growth exhibits a significant response to sovereign rating changes: a one-notch upgrade (downgrade) causes an increase (decline) of about 0.6% (0.3%) in re-rated countries’ five-year average annual growth rates. The results hold after accounting for other determinants of economic growth and potential endogeneity problems, and are robust to the use of quarterly data. Changes in country rating affect economic growth via the interest-rate and capital-flow channels: narrower sovereign bond yield spreads and increased capital inflows are associated with upgrades, which stimulate re-rated countries’ economic performance, and the converse holds for downgrades. | en_US |
| dc.format.extent | 376950 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Banking and Finance, Vol.64, pp.90-100 | zh_TW |
| dc.subject (關鍵詞) | Economic growth; Sovereign credit rating revision; Capital flows | en_US |
| dc.title (題名) | The Relation between Sovereign Credit Rating Revisions and Economic growth | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.jbankfin.2015.10.012 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1016/j.jbankfin.2015.10.012 | |
