Wikirating
Zurich, Switzerland | |
| Created by | Dorian Credé (founder) Erwan Salembier (co-founder) |
|---|---|
| URL | www |
| Commercial | No |
| Registration | Optional (required only for certain tasks such as editing protected pages, creating pages or uploading files) |
| Launched | October 3, 2011 |
| Current status | Active |
Content license | Creative Commons |
Wikirating is a
History
Development of the platform started in spring 2010 by Austrian mathematician Dorian Credé and his colleague Erwan Salembier. The platform, which is based on the MediaWiki framework, went online in October 2011. By the end of 2011, around 2100 users had contributed ratings.[1] In February 2012 Salembier left Wikirating,[4] and in November 2012 the US not-for-profit rating provider Public Sector Credit Solutions published its open-source framework on the platform.[5]
Rating scheme
Wikirating uses a similar rating scheme as traditional credit rating agencies, ranging from "AAA" (highest rating) to "D" (default).[1][6]
Rating methods
The platform offers three rating methods.[1][5]
Public Sector Credit Framework
Poll method
Wikirating users can vote on the rating of each country or company. Voting is limited to one vote each to prevent manipulation.
Sovereign Wikirating Index
The Sovereign Wikirating Index (SWI) contains a transparent formula that takes into account various factors, believed to influence the creditworthiness of nations.
As of October 2013, the SWI contains the following five criteria (with weights):
- Public debt(in % of the GDP) — 50% weight
- Account balance(in % of the GDP) — 20% weight
- GDPgrowth rate — 10% weight
- Inflation rate— 10% weight
- Unemployment rate— 10% weight
The resulting value is adjusted by multiplying it with a "scaling factor", which is composed by the Human Development Index (HDI)[7] (60% weight) and the Corruption Perceptions Index[8] (40% weight).
- Calculations
Each criterion is calibrated with respect to the relative minimum and maximum value of all countries. For all criteria, a threshold value is defined in order to avoid distorted values. The calculated values are done with a spreadsheet.[9]
The founders hope to engage the community to further improve the formula in order to provide optimal ratings.
References
- ^ a b c d "AAAstreine Idee". Financial Times Deutschland. 2012-01-02. Retrieved 2012-01-04.
- ^ "Web-Community greift nach Ratingmacht". Wiener Zeitung. 2011-12-29. Retrieved 2012-01-04.
- ^ "Notez les pays sur Wikirating". Le Matin. 2011-12-29. Retrieved 2012-01-04.
- ^ "Wikirating - About". 2012-09-21. Retrieved 2021-06-10.
- ^ a b "Crowdsourced Credit Rating Providers Join Forces". PR Newswire. 2012-12-27. Retrieved 2013-09-21.
- ^ "Kein AAA für Austria". Der Standard. 2012-01-03. Retrieved 2012-01-04.
- ^ Human Development Report 2010
- ^ Corruption Perceptions Index 2010
- ^ See http://www.wikirating.com/wiki/Rating_Method_Sovereign_Wikirating_Index_(SWI)