【2015新书】Public Credit Rating Agencies: Increasing Capital Investment and Lending Stability in Volatile Markets

Book 图书名称： Public Credit Rating Agencies: Increasing Capital Investment and Lending Stability in Volatile Markets
Author 作者： Susan K. Schroeder
Publisher 出版社： Palgrave Macmillan
Page 页数： 211
Publishing Date 出版时间： Sep 10, 2015
Language 语言： English
Size 大小： 2.6 MB
Format 格式： pdf 文字版
ISBN: 1137365803, 9781137365804
Edition: 第1版 搜索过论坛，没有该文档


In the aftermath of the Global Financial Crisis, there have been many criticisms weighed against private credit rating agencies. Many claim they only exacerbate financial market volatility by issuing faulty public statements, ratings warnings, and downgrades. This instability increases the uncertainty in business environments and weakens the pace of business investment. Their rating changes also prompt national governments to reduce their spending at a time when fiscal expenditures are crucial for economic recovery.

Public Credit Rating Agencies argues for the creation of national public credit rating agencies, offering the first in-depth discussion of their implied role and function operating alongside private agencies. Schroeder provides an up-to-date overview of the ratings industry and the government bodies that monitor its activities. She suggests that the proper implementation of public credit rating agencies will promote the stability of lending, further development and adaptation of new technology, and increase labor productivity and the profitability of new investment in businesses. Finally, this book clarifies the inconsistencies that have surfaced between public budgeting and a rating agency's evaluation of national budgets.

== Table of contents ==
1. Introduction
2. Functions And Malfunctions Of The Rating Industry
3. Private Credit Risk
4. Sovereign Credit Risk
5. Regulatory Capture
6. Public Credit Rating Agency: Functions And Structure
7. Conclusion


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