Private Ratings, Public Regulations [electronic resource] : Credit Rating Agencies and Global Financial Governance /
Kruck, A.author.
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.
Description based upon print version of record.
Cover; Half Titile; Frontispiece; Series; Title; Copyright; Contents; Tables; Figures; Acronyms; Series Editors' Preface; Preface and Acknowledgements; 1 Introduction: Private Ratings and Public Purposes; 2 The Regulatory Use of Credit Ratings: Overview and Conceptualization; 3 The Theoretical Model: An Embedded Resource Dependence View on Delegation; 4 Explaining Trend and Variation in the Regulatory Use of Credit Ratings; 5 Making Sense of the Role of External Ratings in Basel II; 6 Conclusion and Outlook: After the Crisis; Notes; References; Index
Includes bibliographical references and index.
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.
Political economy.
International relations.
Macroeconomics.
Political science.
Public administration.
Banks and banking.
International Political Economy.
International Relations.
Macroeconomics/Monetary Economics//Financial Economics.
Political Science.
Public Administration.
Banking.