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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 Logit Sovereign Rating
Pedagogical Context
Citation
Afonso, António; Pedro Gomes and Philipp Rother. (2009). "Ordered response models for sovereign debt ratings" . Applied Economics Letters, Vol.16, No.8: pp. 769-773.
Publisher
BIROn - Birkbeck Institutional Research Online - University of London