{"product_id":"9781137365804","title":"Public Credit Rating Agencies","description":"In the aftermath of the Global Financial Crisis, there have been many criticisms  weighed against private credit rating agencies. Many claim they only exacerbate  financial market volatility by issuing faulty public statements, ratings  warnings, and downgrades. This instability increases the uncertainty in business  environments and weakens the pace of business investment. Their rating changes  also prompt national governments to reduce their spending at a time when fiscal  expenditures are crucial for economic recovery.Public Credit Rating  Agencies argues for the creation of national public credit rating agencies,  offering the first in-depth discussion of their implied role and function  operating alongside private agencies. Schroeder provides an up-to-date overview  of the ratings industry and the government bodies that monitor its activities.  She suggests that the proper implementation of public credit rating agencies  will promote the stability of lending, further development and adaptation of new  technology, and increase labor productivity and the profitability of new  investment in businesses. Finally, this book clarifies the inconsistencies that  have surfaced between public budgeting and a rating agency's evaluation of  national budgets. ","brand":"Susan K Schroeder","offers":[{"title":"Default Title","offer_id":47812158849342,"sku":"9781137365804","price":4257.34,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4357\/7662\/products\/9781137365804_6b9ae08e-a961-4fca-9bc7-d4c8515f0874.jpg?v=1707413567","url":"https:\/\/exclusivebooks.co.za\/products\/9781137365804","provider":"Exclusive Books Online","version":"1.0","type":"link"}