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Private ratings, public regulations : credit rating agencies and global financial governance

Record Type:	Electronic resources : monographic
Title Information:	credit rating agencies and global financial governance
Author:	KruckAndreas, 1981-
Secondary Intellectual Responsibility:	Palgrave Connect (Online service)
Place of Publication:	New York
Published:	Palgrave Macmillan;
Year of Publication:	2011
Description:	1 online resource (xvi, 205 p.)ill. :
Series:	Transformations of the state series
Subject:	Credit ratings. -
Subject:	Credit bureaus. -
Subject:	International finance. -
Subject:	BUSINESS & ECONOMICS - Finance. -
Online resource:	http://www.palgraveconnect.com/doifinder/10.1057/9780230307384An electronic book accessible through the World Wide Web; click for information
Notes:	Description based on print version record.
Summary:	Credit rating agencies play a powerful and highly contentious role in the governance of global financial markets. In the decades before the Global Financial Crisis of 2007-10, market actors as well as public regulators clme to increasingly rely on the credit risk assessments provided by private rating agencies. States and international bodies made use of credit ratings for a range of regulatory purposes, thus transferring (quasi- )regulatory authority to the agencies. This book introduces an original neoinstitutionalist framework to explain common trends and cross-country differences in the transfer of (quasi- )regulatory authority to rating agencies and to analyze regulatory reforms after the Financial Crisis. The proposed framework helps to account for state-sanctioned and bolstered modes of private governance far beyond the case of ratings-dependent regulation. It therefore contributes to a better understanding of the changing role of the state and the causes and conditions of the transfer of political authority to private actors.
ISBN:	9780230307384electronic bk.
ISBN:	0230307388electronic bk.
ISBN:	9780230282230Cloth
ISBN:	0230282237Cloth
Content Note:	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.

Private ratings, public regulations : credit rating agencies and global financial governance
Kruck, Andreas

Private ratings, public regulations : credit rating agencies and global financial governance / Andreas Kruck. - New York : Palgrave Macmillan, 2011. - 1 online resource (xvi, 205 p.) ; ill.. - (Transformations of the state series).
Introduction: Private Ratings and Public Purposes.
Description based on print version record..
Includes bibliographical references and index..
ISBN 9780230307384ISBN 0230307388ISBN 9780230282230ISBN 0230282237
Credit ratings.Credit bureaus.International finance.BUSINESS & ECONOMICS -- Finance.

Private ratings, public regulations : credit rating agencies and global financial governance
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