Publication at Faculty of Social Sciences |
2010
Abstract
The authors analyze the contribution of the rating agencies to the recent financial turmoil. After a brief introduction into a "rating business", the following chapters focus on particular issues related to the rating agencies and financial crisis, substantial space is devoted to regulation (current status and analysis of proposed modifications).
At the end the authors conclude that the current system of functioning of rating agencies needs specific modifications/improvements and analyze them in regard to the efficiency.