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- W2748720595 abstract "This chapter begins by introducing the theme of the book and providing a brief outline of subsequent chapters. It then contextualizes the discussion by presenting the varied but conjoined interests of the key players in the sovereign debt market—the national governments which seek to borrow on the international capital market, and the investors which seek to hedge their risks as they supply the requisite funds. It shows how the intersection of these interests has established the big-three CRAs as the gatekeepers of the international capital markets, indicates how these agencies may be flawed as they fulfill this role, and highlights the implications of this for the affected countries." @default.
- W2748720595 created "2017-08-31" @default.
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- W2748720595 date "2016-01-01" @default.
- W2748720595 modified "2023-09-25" @default.
- W2748720595 title "Credit Rating Agencies as Gatekeepers" @default.
- W2748720595 doi "https://doi.org/10.1057/9781137391506_1" @default.
- W2748720595 hasPublicationYear "2016" @default.
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