Financial openness, domestic financial development and credit ratings

dc.creatorAndreasen, Eugenia
dc.creatorValenzuela Aros, Patricio
dc.date.accessioned2016-12-01T19:26:06Z
dc.date.available2016-12-01T19:26:06Z
dc.date.created2016-12-01T19:26:06Z
dc.date.issued2016-02
dc.identifierFinance Research Letters 16 (2016) 11–18
dc.identifier1544-6131
dc.identifier10.1016/j.frl.2015.10.019
dc.identifierhttps://repositorio.uchile.cl/handle/2250/141589
dc.description.abstractThis article shows that financial openness significantly affects corporate and sovereign credit ratings and that the magnitude of this effect depends on the level of development of the domestic financial market. Issuers located in less financially developed economiesi stand to benefit the most from opening up their capital accounts, whereas the impact of this effect decreases as the level of development of the domestic capital market improves.
dc.languageen
dc.publisherElsevier
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile
dc.sourceFinance Research Letters
dc.subjectCredit risk
dc.subjectFinancial development
dc.subjectFinancial liberalization
dc.titleFinancial openness, domestic financial development and credit ratings
dc.typeArtículo de revista


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