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

Credit rating agencies play a powerful and contentious role in the governanceof global financial markets. Introducing an original framework for delegatingpolitical 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. ANDREAS KRUCK is Teaching and Research Associate in International Relations and Global Governance at Ludwig-Maximilians-University Munich, Germany. His research interests include global governance, private actors in world politicsand international political economy. INDICE: Introduction: Private Ratings and Public Purposes - The RegulatoryUse 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 - -

• ISBN: 978-0-230-28223-0
• Editorial: Palgrave MacM
• Encuadernacion: Cartoné
• Páginas: 224
• Fecha Publicación: 11/05/2011
• Nº Volúmenes: 1
• Idioma: Inglés