信用评级机构及其道德风险

Credit Rating Agency and Moral Hazard

本文对信用评级机构加剧金融市场波动的成因进行了分析,指出现有机制下信用评级机构存在道德风险的必然性,并就化解道德风险提出了个人的看法。

The article analyzes the reasons that credit rating agencies exacerbate financial market volatility,points out the inevitability of the existence of moral hazard in credit rating agencies,and puts forward personal opinions on resolving moral hazard.