This book is a guide to ratings, the ratings industry and the mechanics and economics of obtaining a rating. It sheds light on the role that the agencies play in the international financial markets. It avoids the sensationalist approach often associated with studies of rating scandals and the financial crisis, and instead provides an objective and critical analysis of the business of ratings. The book will be of practical use to any individual who has to deal with ratings and the ratings industry in their day-to-day job.
Reviews
"Rating agencies fulfil an important role in the capital markets, but given their power, they are frequently the object of criticism. Some of it is justified but most of it portrays a lack of understanding of their business. In their book The Rating Agencies and their Credit Ratings, Herwig and Patricia Langohr provide an excellent economic background to the role of rating agencies and also a thorough understanding of their business and the problems they face. I recommend this book to all those who have an interest in this somewhat arcane but extremely important area."
-Robin Monro-Davies, Former CEO, Fitch Ratings.
"At a time of unprecedented public and political scrutiny of the effectiveness and indeed the basic business model of the Credit Rating industry, and heightened concerns regarding the transparency and accountability of the leading agencies, this book provides a commendably comprehensive overview, and should provide invaluable assistance in the ongoing debate."
-Rupert Atkinson, Managing Director, Head of Credit Advisory Group, Morgan Stanley and member of the SIFMA Rating Agency Task Force
"The Langohrs have provided useful information in a field where one frequently finds only opinions or misconceptions. They supply a firm base from which to understand changes now underway. A well-read copy of this monograph should be close to the desk of every investor, issuer and financial regulator, legislator or commentator."
-John Grout, Policy and Technical Director, The Association of Corporate Treasurers
Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.
Patricia Langohr is Professor of Economics at the Essec Business School, in Cergy, France, since 2005. Her research specializes in industrial organization, dynamic models of competition and the financial services industry. She teaches microeconomics, industrial organization and business economics. Prior to that, she was a researcher at the Price and Index Number Research division of the Bureau of Labor Statistics in Washington D.C. Professor Langohr obtained her PhD in Managerial Economics and Strategy from the Kellogg School of Management at Northwestern University in December 2003. She has a Diploma in Economics from the Humboldt Universität in Berlin and a Maîtrise in Monetary Economics and Banking from the Université Paris IX Dauphine.
Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.
Spese di spedizione:
EUR 5,24
Da: Regno Unito a: U.S.A.
Descrizione libro hardback. Condizione: New. Language: ENG. Codice articolo 9780470018002
Descrizione libro Condizione: New. Codice articolo 3390686-n
Descrizione libro Condizione: new. Codice articolo 2c272321175b37f0d35b9b5da2f07560
Descrizione libro Condizione: New. Codice articolo 3390686-n
Descrizione libro Hardback. Condizione: New. New copy - Usually dispatched within 4 working days. The Rating Agencies and Their Credit Ratings: What They Are, How They Work, and Why They Are Relevant is a guide to ratings, the ratings industry, and the mechanics and economics of obtaining a rating. The book sheds light on the role that the agencies play in the international financial markets. Codice articolo B9780470018002
Descrizione libro HRD. Condizione: New. New Book. Shipped from UK. Established seller since 2000. Codice articolo FW-9780470018002
Descrizione libro Condizione: New. The Rating Agencies and Their Credit Ratings: What They Are, How They Work, and Why They Are Relevant is a guide to ratings, the ratings industry, and the mechanics and economics of obtaining a rating. The book sheds light on the role that the agencies play in the international financial markets. Series: Wiley Finance Series. Num Pages: 524 pages, Illustrations. BIC Classification: KFFL. Category: (P) Professional & Vocational. Dimension: 248 x 177 x 34. Weight in Grams: 1026. . 2009. 1st Edition. Hardcover. . . . . Codice articolo V9780470018002
Descrizione libro Hardcover. Condizione: Brand New. 1st edition. 524 pages. 9.61x6.61x1.57 inches. In Stock. Codice articolo __0470018003
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Descrizione libro Hardcover. Condizione: new. New. Codice articolo Wizard0470018003