Emerging Markets Instability: Do Sovereign Ratings Affect Country Risk and Stock Returns?

Formulation and estimation of dynamic models using panel data

1982 • 2,840 citations

Capital Market Liberalization, Economic Growth, and Instability

2000 • 1,361 citations

On crises, contagion, and confusion

2000 • 1,244 citations

Rational contagion and the globalization of securities markets

2000 • 970 citations

The Procyclical Role of Rating Agencies: Evidence from the East Asian Crisis

1999 • 469 citations

Determinants and Impact of Sovereign Credit Ratings

1996 • 361 citations

Credible Economic Liberalizations and Overborrowing

1997 • 341 citations

What triggers market jitters?

1999 • 304 citations

Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors

1992 • 275 citations

The Effect of Bond Rating Agency Announcements on Bond and Stock Prices

1992 • 185 citations

The Evolution and Determinants of Emerging Market Credit Spreads in the 1990s

2000 • 94 citations

A Model of Crises in Emerging Markets

1998 • 89 citations

Bank Rating Changes and Bank Stock Returns: Puzzling Evidence From the Emerging Markets

1999 • 27 citations

Statistical Properties of Sovereign Credit Ratings

2001 • 12 citations