Creating Credit and Rating It: New Kids on the Block in Post Crisis Global Finance

Grahame Thompson

Creating Credit and Rating It: New Kids on the Block in Post Crisis Global Finance

Grahame Thompson

Research output: Contribution to journal › Journal article › Research › peer-review

Abstract

"One of the most intriguing developments since the ﬁnancial crash of 2007/8 is the way it propelled Central Banks to the forefront of ﬁnancial innovation and policy formation. As the political authorities abandoned activist macro-economic management and set their Treasuries and Finance Ministries the sole task of cutting public expenditure and organizing for austerity, the Central Banks took on any management of the economy that was permissible or that they could get away with. ...“

Original language	English
Journal	Politik
Volume	16
Issue number	4
Pages (from-to)	6-17
ISSN	1604-0058
Publication status	Published - 2013

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