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Posts tagged 'Home Bias'
So, after we wrote about a paper by two economists at the University of Heidelberg that attempted to discern an empirical basis for accusations of bias in rating agency opinions, Standard & Poor’s fought back.
The rater, you will recall, did not like the suggestion that its rating on the US should have been a notch lower if it was to be consistent, suggesting a bias towards its home country. Andreas Fuchs and Kai Gehring’s algorithm did not pick up the subtleties of the ratings process, you see. Read more