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    • Did government regulations lead to inflated credit ratings? 

      Behr, P.; Kisgen, D. J.; Taillard, J. P. (INFORMS Inst.for Operations Res.and the Management Sciences, 2018)
      Securities and Exchange Commission (SEC) regulations in 1975 gave select rating agencies increased market power by increasing both barriers to entry and the reliance on ratings for regulations. We test whether these ...