000			03934nam a22005775i 4500
001			197877
003			IT-RoAPU
005			20221214233022.0
006			m|||||o||d||||||||
007			cr || ||||||||
008			220329t20142014nyu fo d z eng d
020			_a9780801474910 _qprint
020			_a9780801471780 _qPDF
024	7		_a10.7591/9780801471780 _2doi
035			_a(DE-B1597)9780801471780
035			_a(DE-B1597)506929
035			_a(OCoLC)1076409108
040			_aDE-B1597 _beng _cDE-B1597 _erda
050		4	_aHG3751.7.S56 2005eb
072		7	_aPOL023000 _2bisacsh
082	0	4	_a332.63/23/0973
084			_aonline - DeGruyter
100	1		_aSinclair, Timothy J. _eautore
245	1	4	_aThe New Masters of Capital : _bAmerican Bond Rating Agencies and the Politics of Creditworthiness / _cTimothy J. Sinclair.
264		1	_aIthaca, NY : _bCornell University Press, _c[2014]
264		4	_c©2014
300			_a1 online resource (202 p.) : _b1 graph, 7 tables, 3 line drawings
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
490	0		_aCornell Studies in Political Economy
505	0	0	_tFrontmatter -- _tCONTENTS -- _tTABLES AND FIGURES -- _tPreface -- _t1. Introduction -- _t2. Good, Bad, or Indifferent : The Emergence of Rating -- _t3. Unconscious Power -- _t4. Rating Corporations -- _t5. Rating State and Local Governments -- _t6. Global Growth of the Rating Business -- _t7. Blown Calls: Rating Challenges and Crises -- _t8. A New Constellation of Power -- _tIndex
506	0		_arestricted access _uhttp://purl.org/coar/access_right/c_16ec _fonline access with authorization _2star
520			_aIn 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 $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.
530			_aIssued also in print.
538			_aMode of access: Internet via World Wide Web.
546			_aIn English.
588	0		_aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 29. Mrz 2022)
650		0	_aBonds _xRatings and rankings _zUnited States.
650		0	_aCredit ratings _zUnited States.
650		0	_aRating agencies (Finance) _zUnited States.
650		4	_aGeneral Economics.
650		4	_aPolitical Science & Political History.
650		7	_aPOLITICAL SCIENCE / Political Economy. _2bisacsh
850			_aIT-RoAPU
856	4	0	_uhttps://doi.org/10.7591/9780801471780
856	4	0	_uhttps://www.degruyter.com/isbn/9780801471780
856	4	2	_3Cover _uhttps://www.degruyter.com/document/cover/isbn/9780801471780/original
942			_cEB
999			_c197877 _d197877