@incollection{, 8C7BB3C032E689C1383A5DFFFB4A7EB6 , author={{Patrycja Chodnicka -Jaworska} and {University of Warsaw}}, journal={{Global Journal of Management and Business Research}}, journal={{GJMBR}}2249-45880975-585310.34257/GJMBR, address={Cambridge, United States}, publisher={Global Journals Organisation}159718 } @incollection{b0, , title={{Understanding the determinants of Government Debt ratings: Evidence for the two leading agencies}} , author={{ AAfonso }} , journal={{Journal of Economics and Finance}} 1 27 , year={2003} } @incollection{b1, , title={{Short and Long-run Determinants of Sovereign Debt Credit Ratings}} , author={{ AAfonso } and { PGomes } and { PRother }} , journal={{International Journal of Finance & Economics}} 1 16 , year={2011} } @incollection{b2, , title={{Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations}} , author={{ MArellano } and { SRBond }} , journal={{Review of Economic Studies}} 58 2 , year={1991} } @book{b3, , title={{Sovereign Credit Ratings Methodology: an Evaluation}} , author={{ AVBathia }} , year={2002} , note={IMF Working Paper, 02/170, IMF} } @book{b4, , author={{ TBeck } and { ADemirgüç-Kunt } and { RLevine }} , title={{Financial Institutions and Markets Across Countries and over Time: Data and Analysis. World Bank Policy Research Working Paper}} , year={2009} 4943 } @incollection{b5, , title={{An analysis of the determinants of sovereign ratings}} , author={{ EBissoondoyal-Bheenick }} , journal={{Global Finance Journal}} 3 15 , year={2005} } @incollection{b6, , title={{Determinants of sovereign ratings: A comparison of case-based reasoning and ordered probit approaches}} , author={{ EBissoondoyal-Bheenick } and { RBrooks } and { AYip }} , journal={{Global Finance Journal}} 17 1 , year={2006} } @book{b7, , title={{The Cost of Sovereign Default. Working paper. Inter-American Development Bank}} , author={{ EBorensztein } and { UPanizza }} , year={2006} , address={Washington D.C., United States of America} } @incollection{b8, , title={{The National Market Impact of Sovereign Rating Changes}} , author={{ RBrooks } and { RWFaff } and { DHillier } and { JHillier }} , journal={{Journal of Banking and Finance}} 28 , year={2004} } @book{b9, , title={{Determinants and impact of sovereign credit ratings}} , author={{ RCantor } and { FPacker }} , year={1996. October} , address={Federal Reserve Bank of New York, 2} , note={Economic Policy Review} } @incollection{b10, , title={{Sovereign Credit Ratings}} , author={{ RCantor } and { FPacker }} , journal={{Current Issues in Economic and Finance}} 3 1 , year={1995} } @book{b11, , author={{ CDepken } and { CLafountain } and { RButters }} , title={{Corruption and Creditworthiness: Evidence from Sovereign Credit Ratings. 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