skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness

2005 Cornell University ;ISBN: 9780801443282 ;ISBN: 0801443288 ;ISBN: 9780801471834 ;ISBN: 0801471834 ;ISBN: 0801474914 ;ISBN: 9780801474910 ;EISBN: 0801471788 ;EISBN: 9780801471780 ;EISBN: 9780801471834 ;EISBN: 0801471834 ;DOI: 10.7591/9780801471780 ;OCLC: 922998522 ;LCCallNum: HG3751.7.S56 2004

Full text available

Citations Cited by
  • Title:
    The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness
  • Author: Sinclair, Timothy J
  • Subjects: Access to credit ; Bond market ; Bonds ; BUSINESS & ECONOMICS ; Credit market ; Credit rating ; Credit rating agencies ; Credit ratings ; Economic power ; Finance ; Financial speculation ; Investments & Securities ; Political Economy ; POLITICAL SCIENCE ; Power relations ; Rating agencies (Finance) ; Ratings ; Ratings and rankings ; U.S.A ; United States
  • Description: InThe New Masters of Capital, Timothy J. Sinclair examines a key aspect of the global economy-the rating agencies. In the global economy, trust is formalized in the daily operations of such firms as Moody's and Standard & Poor's, which continuously monitor the financial health of bond-issuers ranging from private corporations to local and national governments. Their judgments affect unimaginably large sums, approximately $30 trillion in outstanding debt issues, according to a recent Moody's estimate. The difference between an AA and a BB rating may cost millions of dollars in interest payments or determine if a corporation or government can even issue bonds. Without bond rating agencies, there would be no standard means to compare risks in the global economy, and international investment would be problematic. Most observers assume that the agencies are neutral and scientific, and that they interpret their role in narrowly economic terms. But these agencies, by their nature, wield extraordinary power and exert massive influence over public policy. Sinclair offers a highly accessible account of these institutions, their origins, and the rating processes they use to judge creditworthiness. Illustrated with a wide range of cases, this book offers a fresh assessment of the role of an often-overlooked institution in the dynamics of modern global capitalism.
  • Publisher: Ithaca: Cornell University Press
  • Creation Date: 2014
  • Format: 202
  • Language: English
  • Identifier: ISBN: 9780801443282
    ISBN: 0801443288
    ISBN: 9780801471834
    ISBN: 0801471834
    ISBN: 0801474914
    ISBN: 9780801474910
    EISBN: 0801471788
    EISBN: 9780801471780
    EISBN: 9780801471834
    EISBN: 0801471834
    DOI: 10.7591/9780801471780
    OCLC: 922998522
    LCCallNum: HG3751.7.S56 2004
  • Source: Ebook Central Academic Complete
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait