NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis

Joshua Aizenman, Mahir Binici, Michael M. Hutchison

NBER Working Paper No. 19125
Issued in June 2013

---- Acknowledgements -----

We thank conference participants at the Oxford Review of Economic Policy Seminar at the Saïd Business School, Oxford, especially Christoffer Koch and Christopher Bowdler, and seminar participants at INSEAD, the Central Bank of Turkey, and Sveriges Riksbank for very helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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