1,196
Views
5
CrossRef citations to date
0
Altmetric
Original Articles

Credit Rating Agencies and the IPE: Not as influential as thought?

References

  • Afonso, Antonio, Pedro Gomes and Philipp Rother. (2011) ‛Short-and Long-Run Determinants of Sovereign Debt Credit Ratings’, International Journal of Finance and Economics, 16(1): 1–15.
  • Barro, Robert J. and Xavier Sala-i-Martin. (1992) ‛Convergence’, Journal of Political Economy, 100(2): 223–251.
  • Beck, Thorsten, George Clarke, Alberto Groff, Philip Keefer and Patrick Walsh. (2001) ‛ New Tools in Comparative Political Economy: The Database of Political Institutions’, The World Bank Economic Review, 15(1): 165–176.
  • Beers, David and Marie Cavanaugh. (2006) Sovereign credit ratings: A primer, New York: Standard & Poor's Corporation.
  • Biglaiser, Glen and Josheph L. Staats. (2012) ‛Finding the ‘Democratic Advantage’ in Sovereign Bond Ratings: The Importance of Strong Courts, Property Rights Protection, and the Rule of Law’, International Organization, 66(3): 515–535.
  • Biglaiser, Glen and Karl DeRouen Jr. (2007) ‛Sovereign bond ratings and neoliberalism in Latin America’, International Studies Quarterly, 51(1): 121–138.
  • Brooks, Robert, Robert W. Faff, David Hillier and Joseph Hillier. (2004) ‛The National Market Impact of Sovereign Rating Changes’, Journal of Banking and Finance, 28(1): 233–250.
  • Bruner, Christopher M. and Rawi Abdelal. (2005) ‛To Judge Leviathan: Sovereign Credit Ratings, National Law, and the World Economy’, Journal of Public Policy, 25(2): 191–217.
  • Cantor, Richard and Frank Packer. (1996) ‛Determinants and impacts of sovereign credit ratings’, Federal Reserve Bank of New York Economic Policy Review.
  • Cohen, Roger. (November 1996) ‛Global Forces Batter Politics’, The New York Times Week in Review.
  • Cusack, Thomas R (1997). ‛Partisan politics and public finance: Changes in public spending in the industrialized democracies, 1955–1989’, Public choice, 91(3): 375–395.
  • Datz, Gizelle. (2004) ‛Reframing Development and Accountability: The Influence of Sovereign Credit Ratings on Policy Making in Developing Countries’, Third World Quarterly, 25(2): 303–318.
  • Depken, Creig A., Courtney L. Lafountain and Roger B. Butters. (2006) ‛Corruption and Creditworthiness: Evidence From Sovereign Credit Ratings’, In R. W. Kolb (ed.) Sovereign Debt: From Safety to Default, Hoboken, NJ, USA: John Wiley and Sons, Inc.
  • DiMaggio, Paul J. and Walter W. Powell. (1983) ‛The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields’, American Sociological Review, 48(2): 147–160.
  • Elkhoury, Marwan. (2008) ‛Credit Rating Agencies and their Potential Impact on Developing Countries’, United Nations Conference on Trade and Development Discus Discussion Paper, no 186.
  • Ferri, G., L.G. Liu and Josheph E. Stiglitz. (1999) ‛The Procyclical Role of Rating Agencies: Evidence from the East Asian Crisis’, Economic Notes, 28(3): 335–255.
  • French, Shaun and Andrew Leyshon. (2004) ‛The new, new financial system? Towards a conceptualization of financial reintermediation’, Review of International Political Economy, 11(2): 263–288.
  • Garrett, Geoffrey. (1995) ‛Capital mobility, trade, and the domestic politics of economic policy’, International Organization, 49(4): 657–687.
  • Garrett, Geoffrey. (1998) ‛Global markets and national politics: collision course or virtuous circle?’ International Organization, 54(2): 787–824.
  • Garrett, Geoffrey. (2001) ‛Globalization and government spending around the world’, Studies in Comparative International Development, 35(4): 3–29.
  • Gwartney, James, Robert Lawson and Joshua Hall. (2012) 2012 Economic Freedom Dataset. Economic Freedom of the World: 2012 Annual Report, Fraser Institute http://www.freetheworld.com/datasets_efw.html.
  • Hanusch, Marek and Paul M. Vaaler. (2013) ‛Credit rating agencies and elections in emerging democracies: Guardians of fiscal discipline?’, Economics Letters, 119(3): 251–254.
  • Harvey, David. (2005) A brief history of neoliberalism, New York: Oxford University Press.
  • Holzinger, Katharina and Christoph Knill. (2005) ‛Causes and conditions of cross-national policy convergence’, Journal of European public policy, 12(5): 775–796.
  • Jaramillo, Laura and Michelle Tejada. (2011). ‛Sovereign credit ratings and spreads in emerging markets: does investment grade matter?’ IMF Working Papers, 1–17.
  • Kerwer, Dieter. (2002) ‛Rating Agencies: Setting a Standard for Global Financial Markets’, Economic Sociology-European Electronic Newsletter, 3(3): 1–6.
  • Kiff, John, Sylwia Barbara Nowak and Liliana Schumacher. (2012) Are Rating Agencies Powerful? An Investigation into the Impact and Accuracy of Sovereign Ratings. WP/12/23, International Monetary Fund.
  • Knill, Christoph. (2005) ‛Introduction: Cross-national policy convergence: concepts, approaches and explanatory factors’, Journal of European Public Policy, 12(5): 764–774.
  • Larrain, Guillermo, Helmut Reisen and Julia Von Maltzan. (1997) Emerging market risk and sovereign credit ratings. Working Paper No. 124, Organisation for Economic Co-operation and Development.
  • Leyshon, Andrew and Thrift Nigel. (1998) ‛Money/Space: geographies of monetary transformation’, Capital & Class, 22(2): 182–185.
  • Moody's. (2008) Rating Methodology: Sovereign Bond Ratings, New York: Moody's.
  • Moody's. (2013) Rating methodology sovereign bond ratings, New York: Moody's Investors Services.
  • Mosley, Layna. (2003) Global capital and national governments, New York: Cambridge University Press.
  • Paudyn, Bartholomew. (2012) ‛Credit rating agencies and the sovereign debt crisis: Performing the politics of creditworthiness through risk and uncertainty’, Review of International Political Economy, iFirst: 1–31.
  • Reisen, Helmut and Julia Von Maltzan. (2002) ‛Boom and bust and sovereign ratings’, International Finance, 2(2): 273–293.
  • Rodrik, Dani. (1998) ‛Why Do More Open Economies Have Bigger Governments?’ Journal of Political Economy, 106(5): 997–1032.
  • Sassen, Saskia. (1996) Losing control?: Sovereignty in an Age of Globalization, New York: Columbia University Press.
  • Schulze, Günther G and Heinrich W. Ursprung. (1999) ‛Globalisation of the Economy and the Nation State’, The World Economy, 22(3): 295–352.
  • Sease, Douglas R. and Constance Mitchell. (1992) ‛The vigilantes: world's bond buyers gain huge influence over US fiscal plans’, The Wall Street Journal. November 6, p. A1.
  • Sinclair, Timothy J. (1994) ‛Passing judgement: credit rating processes as regulatory mechanisms of governance in the emerging world order’, Review of International Political Economy, 1(1): 133–159.
  • Sinclair, Timothy J. (2005) The new masters of capital: American bond rating agencies and the politics of creditworthiness, New York: Cornell University Press.
  • Staikouras, Panagiotis K. (2012) ‛A Theoretical and Empirical Review of the EU Regulation on Credit Rating Agencies: In Search of Truth, Not Scapegoats’, Financial Markets, Institutions and Instruments, 21(2): 71–155.
  • Standard and Poor's. (2008) ‛Sovereign Credit Ratings: A Primer’, http://info.worldbank.org/etools/docs/library/139503/S&P_Primer.pdf ( accessed 08 15, 2012).
  • Standard and Poor's. (2013) Sovereign government rating methodology and assumptions, New York: Standard and Poor's Ratings Services.
  • World Bank. (2012) World Development Indicators. Retrieved from http://data.worldbank.org/

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.