The Logic of Credit: How and Why Credit Rating Agencies Exercise Power within Global Governance

Podcast 10. Januar 2024

Zsófia Barta | University at Albany

The lecture will explain how rating agencies award sovereign ratings; why they impose penalties on certain political and policy choices; why they are in a position to interfere with politics and policy in the first place; and why it is unlikely that these unelected, unappointed, unaccountable profit-seeking institutions would be stripped of their power, which rivals that of institutions at the peak of global governance, like the IMF or the World Bank.

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