The role of credit rating agencies in financial crisis
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ratings_failure.pdf

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This paper examines the role of credit rating agencies in the subprime crisis, which was at the outset of the 2007-08 financial turmoil. The focus of the paper is on two aspects of ratings that contributed to the boom and bust of the market for asset-backed securities: rating inflation and coarse information disclosure.

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wp841.pdf

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This paper introduces the impact of CRAs downgrade announcements on the value of the Euro and the yields of French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011–2012. It gives me another view to oversees the impact of CRAs in financial crisis.

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rolecreditagencies.pdf

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This paper was written in an investor's view so that it allows me to know the CRAs in a different way.

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2010.01.26.wp188.credit.rating.agencies.european.banking.pdf

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This paper gave me a fundamental knowledge about the role of CRAs and their "contribution" to financial crisis in US and it concretely introduces the regulation of CRAs.  

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Note8.pdf

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In the United States and Europe faulty credit ratings and flawed
rating processes are widely perceived as being among the key
contributors to the global financial crisis.

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EFMA2012_0326_fullpaper.pdf

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This paper studies the relationship between subprime and CRAs. 

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c11794.pdf

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This paper is a selection from a published volume from theNational Bureau of Economic Research and it introduces the crisis caused by CRAs.

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con_039549.pdf

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This paper has given me a basic background knowledge of CRAs in US financial crisis and it carefully introduced the history of CRAs and their changes.

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