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.
