Reproduction series:
Oxford scholarship online. Economics and Finance
Type of reproduction:
Online-Ausg.
Origination:
Footnote:
Description:
Rating agencies judge how solvent banks and big companies are. Prior to the financial crisis they were too optimistic when rating the risk of the banks and this prompted politicians worldwide to issue new regulations. This book explains what rating agencies do, why they are so important for the economy and the new European Regulation.