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Ratings, Rating Agencies and the Global Financial System

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Ratings, Rating Agencies and the Global Financial System - Levich, Richard M, and Majnoni, Giovanni, and Reinhart, Carmen

The business of credit ratings began in the United States in the early 1900s. Over time, credit ratings have gradually taken on an expanding role, both in the United States and abroad and in official financial market regulation as well as in private capital market decisions. However, in 1999 the Bank for International Settlements (through its ...

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