What question did this study set out to answer?

The paper explores how credit rating agencies have gained significant power over policy and corporate decisions due to investor reliance.

Breaking the Liberal Paradigm: The Coercive Power of Credit

View Full Paper

Ask AI

Bookmark

Authors

Examines how credit rating agencies influence policy decisions in corporate and government sectors, illustrating a shift in power dynamics.

The paper explores how credit rating agencies have gained significant power over policy and corporate decisions due to investor reliance.
Analyzed changes in capitalism since the early 1980s
Examined the role of credit rating agencies in assessing risk
Investigated divergence between investor interests and liberal principles
Increased demand for ratings since the 1980s has empowered credit rating agencies
Rating agencies impact the policy decisions of elected officials
Their criteria expose conflicts with democratic governance and market competition

Alexandra Ouroussoff (2026) studied this question.

View Full Paper

Ask AI

Bookmark

Examines how credit rating agencies influence policy decisions in corporate and government sectors, illustrating a shift in power dynamics.