Can Reputation Ensure Efficiency in the Structured Finance Market?

Elamin, Mahmoud

doi:10.26509/frbc-wp-201441

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Working Paper

Can Reputation Ensure Efficiency in the Structured Finance Market?

Mahmoud Elamin

This paper investigates whether the fear of losing its reputation can discipline a credit rating agency (CRA) in the structured finance market, where products are opaque and ratings are unverifiable. The paper has been published in Theoretical Economics Letters and is available at DOI: 10.4236/tel.2017.71006. Working Paper no. 14-41 has been removed at the request of the journal.

Topics

Financial markets

12.31.2014WP 14-41DOI 10.26509/frbc-wp-201441

Suggested Citation

Elamin, Mahmoud. 2014. “Can Reputation Ensure Efficiency in the Structured Finance Market?” Federal Reserve Bank of Cleveland, Working Paper No. 14-41. https://doi.org/10.26509/frbc-wp-201441

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