Dissertation > Excellent graduate degree dissertation topics show

Research on the Regulation of Chinese Credit Rating Agencies Under the Perspective of Sub-Prime

Author: ZhangBao
Tutor: ZhangQiang
School: Hunan University
Course: Finance
Keywords: Credit Rating Agencies Reputation Mechanism Financial Supervision Sub-prime crisis
CLC: F832.39
Type: Master's thesis
Year: 2009
Downloads: 380
Quote: 6
Read: Download Dissertation

Abstract


In recent years, with the development of credit market and capital markets, especially the continuous expansion of the corporate bond market, credit rating industry grows and develops continuously. However, due to the lack of effective industry self-regulation and government regulation, it leads to confusion in the credit rating market, which shows disorderly competition in the credit rating agencies and the lack of credibility of the ratings and so on. For our country’s credit rating industry problems, financial regulators have also taken some measures. However, the credit rating industry in China starts late and legislation lags behind. Meanwhile, neither the establishment of credit rating industry associations to regulate, nor is there corresponding laws and regulations to standard the operation. The supervision problems of credit rating agencies are exposed in the sub-prime crisis, which also alarm our country. Therefore, it is important to strengthen the supervision of credit rating industry.This article begins with introduction of the theories of rating agencies regulation. Credit rating agencies as part of the financial market infrastructure, there are also some market failure problem. Therefore, credit rating market also needs government regulation. The reputation mechanism will encourage the credit rating agencies to seek high-quality credit rating, so the reputation mechanism forms the market regulation of credit rating agencies. This paper reviews the institution change of credit rating agencies of the United States and analyses the causes and problems of inadequate supervision on the rating agencies in the sub-prime crisis. This paper reviews the history and the status of the regulation on the credit rating agencies and points out the problems. Then, the paper uses game theory to build a four-game, it shows that credit rating agencies need the government regulation which will provide an optimal regulatory strategy for reference. Finally, this paper puts forward four proposals from the perfection of government regulation and industry self-regulation

Related Dissertations

  1. Research of Multicast Protocol in Wireless Sensor Networks,TN929.5
  2. The Analysis of Government Management of Charity Activities in UK,D756.1
  3. Research on Fragility Modeling and Demonstration of China’s Commercial Bank System,F832.3
  4. The Study of Liquidity Stress Testing on China Commercial Banks,F832.33
  5. Research on Corporate Governance of Rural Credit Cooperatives of Yueyang,F832.35
  6. Information Asymmetry, Moral Hazard and Budgetary Slack--An Experimental Study,F275
  7. Under the influence of the subprime crisis China Commercial Bank Credit Risk Management,F224
  8. Bank Personal Financial Services asymmetric information problem and its risk control,F832.2
  9. Study on the Financial Supervision and Management of Benxi City Credit Cooperative,F832.1
  10. The Research on the Mechanism of the Incentive of Our Country Securities Investment Fund Manager,F832.51
  11. The circumstances surrounding the bankruptcy of Lehman Brothers,F837.12
  12. Linkage between domestic and metals futures markets and volatility of,F713.35;F724.5
  13. The post-crisis era of international cooperation in financial supervision,D996.2
  14. An Exploration of Cultural Values Responsible for the U.S. Subprime Mortgage Crisis,F831.59
  15. The Need for Reform of Financial Supervision and Feasibility Studies,F812.2
  16. Financial crisis, the U.S. credit rating agencies Behavior,F837.12
  17. On the credit rating agencies to civil liability bond issuers,F832.5
  18. Study on Improvements for China’s Financial Expenditure Surveillance Legal Regime,F812.2
  19. Insolvency Risk Research of China’s Commercial Banks,F832.2
  20. Securitization of mortgage risk analysis and risk prevention,F832.51
  21. The Study of Financial Fragility and Its Performance in the Sub-prime Crisis,F830

CLC: > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Financial organizations, banks > Other financial organizations
© 2012 www.DissertationTopic.Net  Mobile