Sovereign Credit Risk Assessment with Multiple Criteria Using an Outranking Method
المؤلفون المشاركون
de Lima Silva, Diogo F.
Silva, Julio Cezar Soares
Silva, Lucimário G. O.
Ferreira, Luciano
de Almeida-Filho, Adiel T.
المصدر
Mathematical Problems in Engineering
العدد
المجلد 2018، العدد 2018 (31 ديسمبر/كانون الأول 2018)، ص ص. 1-11، 11ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2018-09-23
دولة النشر
مصر
عدد الصفحات
11
التخصصات الرئيسية
الملخص EN
In view of the records of failures in rating agencies’ assessments for sorting countries’ quality of credit in degrees of default risk, this paper proposes a multicriteria sorting model using reference alternatives so as to allocate sovereign credit securities into three categories of risk.
From a numerical application, what was observed from the results was a strong adherence of the model in relation to those of the agencies: Standard & Poor's and Moody's.
Since the procedure used by the agencies is extremely subjective and often questioned, the contribution of this paper is to put forward the use of an objective and transparent methodology to sort these securities.
Given the agencies’ conditions for undertaking the assessment, a complete similarity between the results obtained and the assignments of the agencies was not expected.
Therefore, this difference arises from subjective factors that the agencies consider but the proposed model does not.
Such subjective and questionable aspects have been partly responsible for the credibility of these credit agencies being diminished, especially after the 2007-2008 crisis.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
de Lima Silva, Diogo F.& Silva, Julio Cezar Soares& Silva, Lucimário G. O.& Ferreira, Luciano& de Almeida-Filho, Adiel T.. 2018. Sovereign Credit Risk Assessment with Multiple Criteria Using an Outranking Method. Mathematical Problems in Engineering،Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1209388
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
de Lima Silva, Diogo F.…[et al.]. Sovereign Credit Risk Assessment with Multiple Criteria Using an Outranking Method. Mathematical Problems in Engineering No. 2018 (2018), pp.1-11.
https://search.emarefa.net/detail/BIM-1209388
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
de Lima Silva, Diogo F.& Silva, Julio Cezar Soares& Silva, Lucimário G. O.& Ferreira, Luciano& de Almeida-Filho, Adiel T.. Sovereign Credit Risk Assessment with Multiple Criteria Using an Outranking Method. Mathematical Problems in Engineering. 2018. Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1209388
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1209388
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر