Zsófia Barta | The Logic of Credit: How and Why Credit Rating Agencies Exercise Power within Global Governance from imf function Watch Video
Preview(s):
Gallery
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 28 min 84 sec ✓ Published: 19-Jan-2024
Description: Although credit rating agencies are best known for their disastrous role in recent financial crises, the function they fulfil in “normal times” is just as important and arguably much more pernicious. Sovereign ratings place significant and tendentious constraints on the policy choices of democratically elected governments. They penalize center-left governments, generous entitlement systems, heavy taxation, and institutional arrangements that require consensus-based decision-making. These pen
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)