New Masters of Capital

Ocena: 0 (0 głosów)
In The 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 USD30 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.

Informacje dodatkowe o New Masters of Capital:

Wydawnictwo: brak danych
Data wydania: b.d
Kategoria: Socjologia, filozofia
ISBN: 978-0-8014-4328-2
Liczba stron: 0

więcej

Kup książkę New Masters of Capital

Sprawdzam ceny dla ciebie ...
Cytaty z książki

Na naszej stronie nie ma jeszcze cytatów z tej książki.


Dodaj cytat
REKLAMA

Zobacz także

New Masters of Capital - opinie o książce

Inne książki autora
Dictionary of Food
Sinclair0
Okładka ksiązki - Dictionary of Food

"The Dictionary of Food" is the indispensable companion for everyone who loves reading about food, or cooking it. We live in a globalised world...

Zobacz wszystkie książki tego autora
Recenzje miesiąca
Virion. Legenda miecza. Krew
Andrzej Ziemiański ;
Virion. Legenda miecza. Krew
Kołatanie
Artur Żak
Kołatanie
W rytmie serca
Aleksandra Struska-Musiał ;
W rytmie serca
Mapa poziomów świadomości
David R. Hawkins ;
Mapa poziomów świadomości
Dom w Krokusowej Dolinie
Halina Kowalczuk ;
Dom w Krokusowej Dolinie
Ostatnia tajemnica
Anna Ziobro
Ostatnia tajemnica
Hania Baletnica na scenie
Jolanta Symonowicz, Lila Symonowicz
Hania Baletnica na scenie
Lew
Conn Iggulden
Lew
Jesteś jak kwiat
Beata Bartczak
Jesteś jak kwiat
Niegasnący żar
Hannah Fielding
Niegasnący żar
Pokaż wszystkie recenzje
Reklamy