• CREDIT RATING AND DEBT CRISES 

      Holden, Steinar; Natvik, Gisle James; Vigier, Adrien Henri (Journal article; Peer reviewed, 2018)
      We develop an equilibrium theory of credit rating in the presence of rollover risk. By influencing rational creditors, ratings affect sovereigns' probability of default, which in turn affects ratings. Our analysis reveals ...
    • 'Large' versus 'Small' Players: A Closer Look at the Dynamics of Speculative Attacks 

      Bjønnes, Geir Høidal; Holden, Steinar; Rime, Dagfinn; Solheim, Haakon O. Aa (Journal article; Peer reviewed, 2014)
      What is the role of “large players” (e.g., hedge funds) in speculative attacks? Recent work suggests that large players move early to induce smaller agents to attack. However, many observers argue that large players move ...
    • Norges Bank Watch 2005 

      Dørum, Øystein; Holden, Steinar; Isachsen, Arne Jon (Norges Bank Watch Report Series;, Research report, 2005)
      Monetary policy in Norway is quite successful. The series of cuts in the signalling rate starting in December 2002, and a low interest rate during 2004, seems the appropriate policy choice. The analyses on monetary policy ...
    • Norges Bank Watch 2006 

      Dørum, Øystein; Holden, Steinar (Norges Bank Watch Report Series;, Research report, 2006)
      Overall, monetary policy in Norway is quite successful. The interest rate setting in the past 2-3 years has contributed to a strong development of the Norwegian economy, without sacrificing price stability. Now, the issue ...
    • Valg av kapitaliseringsrente i erstatningssaker 

      Holden, Steinar; Johnsen, Thore; Moen, Espen R. (Journal article; Peer reviewed, 2016)
      Ved personskader er valg av rentesats for neddiskontering av fremtidige tap av arbeidsinntekt en helt sentral faktor i beregningen av erstatningsbeløpet. Artikkelforfatterne var sakkyndige da Høyesterett i 2014 tok opp ...