2016
DOI: 10.1111/polp.12165
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How Do Credit Rating Agencies Rate? An Implementation Perspective on the Assessment of Austerity Programs during the European Debt Crisis

Abstract: During the recent European debt crisis, credit rating agencies and their ratings had been frequent bones of contention. We analyze which factors are considered by credit rating agencies when they judge a state's credibility in implementing an announced austerity

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Cited by 5 publications
(1 citation statement)
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References 59 publications
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“…In this context, BAB is considered as a way to circumvent electoral punishment by influencing steps (2) and (3) (Hinterleitner, 2015). Scholars have examined the use of blame avoidance strategies for retrenchment purposes in various settings and have explored the conditions under which officeholders can successfully apply such strategies (Vis, 2009;Giger and Nelson, 2011;Wenzelburger, 2011;Mortensen, 2012;Jensen and Mortensen, 2014;Wenzelburger, 2014;Vis, 2016;Hinterleitner et al, 2016;Sager and Hinterleitner, 2016).…”
Section: Four Worlds Of Blame Avoidancementioning
confidence: 99%
“…In this context, BAB is considered as a way to circumvent electoral punishment by influencing steps (2) and (3) (Hinterleitner, 2015). Scholars have examined the use of blame avoidance strategies for retrenchment purposes in various settings and have explored the conditions under which officeholders can successfully apply such strategies (Vis, 2009;Giger and Nelson, 2011;Wenzelburger, 2011;Mortensen, 2012;Jensen and Mortensen, 2014;Wenzelburger, 2014;Vis, 2016;Hinterleitner et al, 2016;Sager and Hinterleitner, 2016).…”
Section: Four Worlds Of Blame Avoidancementioning
confidence: 99%