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Bitcoin is an unregulated digital currency originally introduced in 2008 without legal tender status. Based on a decentralized peer-to-peer network to confirm transactions and generate a limited amount of new bitcoins, it functions without the backin
Externí odkaz:
http://epub.wu.ac.at/4674/1/SSRN%2Did2408997.pdf
Publikováno v:
In Journal of Banking and Finance July 2022 140
Autor:
Eisl, Alexander1 alexander.eisl@wu.ac.at, Jankowitsch, Rainer1 rainer.jankowitsch@wu.ac.at, Subrahmanyam, Marti G.2 msubrahm@stern.nyu.edu
Publikováno v:
European Financial Management. Sep2017, Vol. 23 Issue 4, p604-647. 44p. 1 Illustration.
Rating agencies report ordinal ratings in discrete classes. We question the market’s implicit assumption that agencies define their classes on identical scales, e.g., that AAA by Standard & Poor’s is equivalent to Aaa by Moody’s. To this end, w
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::59c3cc85b0691476d588aa189c17be50
https://hdl.handle.net/10419/110402
https://hdl.handle.net/10419/110402
Publikováno v:
SSRN Electronic Journal.
Rating agencies report ordinal ratings in discrete classes. We question the market’s implicit assumption that agencies define their classes on identical scales, e.g., that AAA by Standard & Poor’s is equivalent to Aaa by Moody’s.
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