Determinanty ratingów kredytowych krajów strefy euro

• Autorzy: Patrycja Chodnicka-Jaworska

Warianty tytułu

Determinants Of Euro Zone Countries' Credit Ratings

• Języki publikacji: PL

Abstrakty

Celem artykułu jest zbadanie wpływu determinant na credit rating 19 krajów strefy euro, nadawanych przez Standard & Poor's Financial Service. Postawiono hipotezę: wraz ze wzrostem poziomu rozwoju gospodarczego i wymiany handlowej oraz stabilnością gospodarki następuje wzrost credit ratingu kraju. Do jej zweryfikowania zaproponowano statyczne modele panelowe oparte na danych z lat 2000-2015, pozyskanych przy wykorzystaniu systemu Reuters Eikon. Jako zmienną zależną wykorzystano krótko- i długoterminowe ratingi kredytowe zaproponowane przez S&P's (S&P long term issuer credit rating, S&P short term issuer credit rating). Ratingi zdekomponowano liniowo na zmienne numeryczne. Jako zmienne zależne wykorzystano parametry makroekonomiczne. Otrzymane wyniki porównano z prognozami Standard & Poor's Financial Service. Dodatkowo odniesiono się do perspektywy ratingów w najbliższym okresie(abstrakt oryginalny)

EN

The aim of this article is to examine the influence of the determinants on the 19 euro zone countries' credit ratings assigned by Standard & Poor's Financial Service. The hypothesis was posed that: If the level of economic, trade development and the economy stability increase, the country's credit rating rises. There are proposed static panel data models based on data from the years 2000-2015 obtained from Reuters Eikon. As the dependent variable short-term and long-term credit ratings given by S&P's are used. The ratings are decomposed lineary on the numeric variables. As the dependent variables the macroeconomic factors are used. The results are compared with forecasts of Standard & Poor's Financial Service. In addition, results are compared with trends in countries' credit ratings(original abstract)

Słowa kluczowe

PL

Rozwój gospodarczy; Ocena zdolności kredytowej; Ryzyko kredytowe

EN

Economic development; Credit rating; Credit risk

• Czasopismo: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Rocznik: 2016
• Numer: nr 439 Problemy ekonomii, polityki ekonomicznej i finansów publicznych
• Strony: 47--58

Twórcy

autor

Patrycja Chodnicka-Jaworska

• Uniwersytet Warszawski

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Identyfikatory

DOI

10.15611/pn.2016.439.04