Faculty News
In an op-ed, Professor Nouriel Roubini explains the problems of ratings agencies and highlights the need for data-driven analysis in the global economy
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Excerpt from Financial Times -- "Spotting risk is difficult, and it is tempting to let others do the hard work. But rating agencies follow an ad hoc and slow-moving approach. Market signals, such as the interest rates payable on sovereign bonds, are noisy and volatile. It takes systematic, data-driven analysis to understand the dangers hidden in a shifting global economic scene."
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