Blar i Publikasjoner fra CRIStin - BI på forfatter "Holden, Steinar"

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    • 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 ...