Private Ratings, Public Regulations
Credit Rating Agencies and Global Financial Governance
Lieferzeit: Print on Demand - Lieferbar innerhalb von 3-5 Werktagen I
ISBN-13:
9780230282230
Veröffentl:
2011
Erscheinungsdatum:
11.05.2011
Seiten:
205
Autor:
A. Kruck
Gewicht:
454 g
Format:
218x145x20 mm
Sprache:
Englisch
Beschreibung:
Credit rating agencies play a powerful and contentious role in the governance of global financial markets. Introducing an original framework for delegating political authority to private actors, this book explains common trends in the regulatory use of private ratings for public purposes and analyzes regulatory changes after the Financial Crisis.
Explores why and under which conditions states have delegated regulatory authority to private credit rating agencies
Introduction: Private Ratings and Public Purposes The Regulatory Use of Credit Ratings: Overview and Conceptualization The Theoretical Model: An Embedded Resource Dependence View on Delegation Explaining Trend and Variation in the Regulatory Use of Credit Ratings Making Sense of the Role of External Ratings in Basel II Conclusion and Outlook: After the Crisis Notes References