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Advisor(s)
Abstract(s)
Using ordered logit and probit plus random effects ordered probit approaches, we study the determinants of sovereign debt ratings. We found that the last procedure is the best for panel data as it takes into account the additional cross-section error.
Description
Keywords
Ordered Probit Ordered Logit Random Effects Ordered Probit Sovereign Rating
Pedagogical Context
Citation
Afonso, António, Pedro Gomes e Philipp Rother. 2006. "Ordered response models for sovereign debt ratings". Instituto Superior de Economia e Gestão - DE Working papers nº 34-2006/DE/UECE
Publisher
ISEG – Departamento de Economia