2016–

Credit Ratings and Structured Finance

VoxEU.org, CEPR Policy Portal, April 9, 2019

Author(s): Jens Josephson and Joel Shapiro

The poor performance of credit ratings of structured finance products in the financial crisis has prompted investigation into the role of credit rating agencies. This column discusses the incidence of rating inflation when such an agency both designs and rates securities, highlighting the role of demand from investors that face rating constraints, such as banks, pension funds, or insurance companies. It finds that ratings are accurate when these constraints are very tight or very lax, but inflated otherwise.

Online article (restrictions may apply)


Reference:

Josephson, Jens and Joel Shapiro (2019), "Credit Ratings and Structured Finance", VoxEU, CEPR Policy Portal, April 9.

Jens Josephson

Contact

Ph: +46 8 16 13 54
Mob: +46 73 595 1173
jens.josephson@sbs.su.se

Integrating Immigrants into the Nordic Labour Markets

An Overall Perspective

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Denmark, Finland, Norway and Sweden face similar problems of integrating large groups of immigrants, especially low-educated ones from outside the EU, into their labour markets. In this volume, edited by Lars Calmfors, IFN, and Nora Sánchez Gassen in cooperation with researchers from across the Nordic Region analyse how labour market integration of immigrants can be promoted. 

About the book

Events

Seminars organized by IFN

 

To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

Academically oriented seminars are most of the time held on Wednesdays at 10 am. At these events researchers from IFN and other institutions present their research.

In addition, IFN organizes seminars open to the public. Topics for these are derived from the IFN research.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 | info@ifn.se