Skip to main content Accessibility help
×
Hostname: page-component-76fb5796d-45l2p Total loading time: 0 Render date: 2024-04-25T07:17:53.794Z Has data issue: false hasContentIssue false

Chapter Ten - Credit ratings and global economic governance: Non-price valuation in financial markets

from Part Three - Structuring fields: Market dominance, complementarity and differentiation in complex institutional ecologies

Published online by Cambridge University Press:  05 May 2016

Grégoire Mallard
Affiliation:
Graduate Institute of International Studies, Geneva
Jérôme Sgard
Affiliation:
Sciences Po, Paris
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Contractual Knowledge
One Hundred Years of Legal Experimentation in Global Markets
, pp. 324 - 349
Publisher: Cambridge University Press
Print publication year: 2016

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Abdelal, Rawi. 2007. Capital Rules: The Construction of Global Finance. Cambridge: Harvard University Press.Google Scholar
Atkins, Paul. 1938. “The official supervision of bank security portfolios,” Bankers’ Magazine July 1938: 1319.Google Scholar
Allen, Franklin and Gale, Douglas. 2000. Comparing Financial Systems. Cambridge: MIT Press.Google Scholar
Awrey, Dan. 2013. “Toward a Supply-Side Theory of Financial Innovation,” Journal of Comparative Economics 41(2): 401419.CrossRefGoogle Scholar
Bach, G.L. 1949. “Bank Supervision, Monetary Policy, and Governmental Reorganization,” Journal of Finance 4(4): 269285.Google Scholar
Biggins, John. 2012. “‘Targeted Touchdown’ and ‘Partial Liftoff’: Post-Crisis Dispute Resolution in the OTC Derivatives Markets and the Challenge for ISDA,” German Law Journal 13(12): 12971328.CrossRefGoogle Scholar
Braithwaite, Joanne P. 2012. “Standard Form Contracts as Transnational Law: Evidence from the Derivatives Markets,” Modern Law Review 75(5): 779805.CrossRefGoogle Scholar
Cantor, Richard and Packer, Frank. 1994. “The Credit Rating Industry,” Federal Reserve Bank of New York Quarterly Review 19(2): 126.Google Scholar
Carruthers, Bruce G. 2013. “Diverging Derivatives: Law, Governance and Modern Financial Markets,” Journal of Comparative Economics 41(2): 386400.CrossRefGoogle Scholar
Choi, Stephen J. and Gulati, G. Mitu. 2006. “Contract as Statute,” Michigan Law Review 104(5): 11291173.Google Scholar
Clayton, Lawrence. 1949. Memorandum to Board of Governors, from The Marriner S. Eccles document collection, accessed November 8 2013 from FRASER, http://fraser.stlouisfed.org/docs/historical/eccles/046_20_0002.pdf.Google Scholar
Comptroller of the Currency. 1937. Seventy-Fifth Annual Report of the Comptroller of the Currency. Washington DC: US Government Printing Office.Google Scholar
Cunningham, Daniel and Werlen, Thomas. 1996. “Derivatives and the reduction of credit risk,” International Financial Law Review 15: 3536.Google Scholar
Davis, Gerald F. 2009. Managed by the Markets: How Finance Reshaped America. Oxford/New York: Oxford University Press.Google Scholar
Federal Reserve Bank of New York. 1915. “Eligible Paper,” Circular No. 25, June 19, 1915. New York: Federal Reserve Bank of New York.Google Scholar
Federal Reserve Board. 2011. Report to the Congress on Credit Ratings. Washington DC: Federal Reserve System.Google Scholar
Federal Reserve Board. 1949. Federal Reserve Bulletin July 1949. Washington DC: US Government Printing Office.Google Scholar
Federal Reserve Board. 1938a. Federal Reserve Bulletin July 1938. Washington DC: US Government Printing Office.Google Scholar
Federal Reserve Board. 1938b. Twenty-Fifth Annual Report of the Board of Governors of the Federal Reserve System. Washington DC:Google Scholar
Federal Reserve Board. 1936. Federal Reserve Bulletin June 1936. Washington DC: US Government Printing Office.Google Scholar
Federal Reserve Board. 1933. Federal Reserve Bulletin August 1933. Washington DC: US Government Printing Office.Google Scholar
Federal Reserve Board. 1920. Federal Reserve Bulletin September 1920. Washington DC: US Government Printing Office.Google Scholar
Financial Crisis Inquiry Commission [FCIC]. 2011. The Financial Crisis Inquiry Report. New York: PublicAffairs.Google Scholar
Flanagan, Sean M. 2001. “The Rise of a Trade Association: Group Interactions Within the International Swaps and Derivatives Association,” Harvard Negotiation Law Review 6: 211263.Google Scholar
Flandreau, Marc, Gaillard, Norbert and Packer, Frank. 2011. “To err is human: U.S. rating agencies and the interwar foreign government debt crisis,” European Review of Economic History 15: 495538.CrossRefGoogle Scholar
Flandreau, Marc and Sławatyniec, Joanna Kinga. 2013. “Understanding Rating Addition: US Courts and the Origins of Rating Agencies’ Regulatory Licence (1900–1940),” Working Paper No.11/2013. Geneva: Graduate Institute of International and Development Studies.CrossRefGoogle Scholar
Fons, Jerome S. 2004. “Tracing the Origins of ‘Investment Grade’,” Special Comment, New York: Moody's Investors Services.Google Scholar
Grant, Daniel L. 1941. “The Problem of Security Ratings,” Bankers’ Magazine May: 378382.Google Scholar
Gregory, Jon. 2010. Counterparty Credit Risk: The New Challenge for Global Financial Markets. New York: Wiley.Google Scholar
Harold, Gilbert. 1938. Bond Ratings as an Investment Guide: An Appraisal of Their Effectiveness. New York: Ronald Press.Google Scholar
Harvey, Rachel. 2013. “The Legal Construction of the Global Foreign Exchange Market,” Journal of Comparative Economics 41(2): 343354.CrossRefGoogle Scholar
Hickman, W. Braddock. 1958. Corporate Bond Quality and Investor Experience. Princeton: NBER and Princeton University.Google Scholar
Hoffman, Kathryn J. and Hill, Lowell D.. 1976. “Historical Review of the U.S. Grades and Standards for Grain,” Illinois Agricultural Economics 16(1): 19.CrossRefGoogle Scholar
Hunt, John Patrick. 2011. “Credit Ratings in Insurance Regulation: The Missing Piece of Financial Reform,” Washington and Lee Law Review 68(4): 16671697.Google Scholar
International Swaps and Derivatives Association [ISDA]. 2010. ISDA Margin Survey 2010. New York: ISDA.Google Scholar
International Swaps and Derivatives Association. 2000. ISDA Collateral Survey 2000. New York: ISDA.Google Scholar
International Swaps and Derivatives Association. 1999. ISDA 1999 Collateral Review. New York: ISDA.Google Scholar
International Swaps and Derivatives Association, Inc. 1996. Guidelines for Collateral Practitioners. New York: ISDA.Google Scholar
Johnson, Emory R. 1909. “Review of Moody's Analyses of Railroad Investments, by John Moody,” Annals of the American Academy of Political and Social Science 34(1): 210211.Google Scholar
Jones, Homer. 1940. “An Appraisal of the Rules and Procedures of Bank Supervision, 1929–39,” Journal of Political Economy 48(2): 183198.CrossRefGoogle Scholar
Jones, Homer. 1938. “Some Problems of Bank Supervision,” Journal of the American Statistical Association 33(202): 334340.CrossRefGoogle Scholar
Krippner, Greta R. 2011. Capitalizing on Crisis: The Political Origins of the Rise of Finance. Cambridge: Harvard University Press.Google Scholar
Kroszner, Randall S. 1999. “Can the Financial Markets Privately Regulate Risk? The Development of Derivatives Clearinghouses and Recent over-the-Counter Innovations,” Journal of Money, Credit and Banking 31(3): 596618.CrossRefGoogle Scholar
Langohr, Herwig M. and Langohr, Patricia T.. 2008. The Rating Agencies and Their Credit Ratings. New York: Wiley.Google Scholar
Lynn, David M. 1994. “Enforceability of Over-the-Counter Financial Derivatives,” Business Lawyer 50(1): 291337.Google Scholar
MacKenzie, Donald. 2011. “The Credit Crisis as a Problem in the Sociology of Knowledge,” American Journal of Sociology 116(6): 17781841.CrossRefGoogle Scholar
Moody, John. 1913. Moody's Analyses of Investments, Part I – Steam Railroads: Containing in Detailed Form a Comparative Analysis of Each of the Railroad Systems of the United States, with Careful Deductions, Enabling the Banker and Investor to Ascertain the True Value of Securities. New York: Analyses Publishing Co.Google Scholar
Morgan, Glenn. 2010. “Legitimacy in financial markets: credit default swaps in the current crisis,” Socio-Economic Review 8(1): 1745.CrossRefGoogle Scholar
Morton, Walter A. 1939. “Liquidity and Solvency,” American Economic Review 29(2): 272285.Google Scholar
Norris, James D. 1978. R.G. Dun & Co. 1841–1900: The Development of Credit-Reporting in the Nineteenth-Century. Westport: Greenwood Press.Google Scholar
O'Leary, James. J. 1954. “Valuation of Life Insurance Company Holdings of Corporate Bonds and Stocks – Some Recent Developments,” Journal of Finance 9(2): 160177.Google Scholar
Olegario, Rowena. 2006. A Culture of Credit: Embedding Trust and Transparency in American Business. Cambridge: Harvard University Press.CrossRefGoogle Scholar
Ott, Julia C. 2011. When Wall Street Met Main Street: The Quest for an Investors’ Democracy. Cambridge: Harvard University Press.CrossRefGoogle Scholar
Palyi, Melchior. 1938. “Bank Portfolios and the Control of the Capital Market,” Journal of Business 11(1): 70111.Google Scholar
Pénet, Pierre and Mallard, Grégoire. 2014. “From Risk Models to Loan Contracts: Austerity as the Continuation of Calculation by Other Means.” Journal of Critical Globalization Studies 7: 450.Google Scholar
Pogue, Thomas F. and Soldofsky, Robert M.. 1969. “What's in a Bond Rating,” Journal of Financial and Quantitative Analysis 4(2): 201228.CrossRefGoogle Scholar
Riles, Annelise. 2011. Collateral Knowledge: Legal Reasoning in the Global Financial Markets. Chicago: University of Chicago Press.CrossRefGoogle Scholar
Riles, Annelise. 2010. “Collateral Expertise: Legal Knowledge in the Global Financial Markets.” Current Anthropology 51(6): 795818.CrossRefGoogle Scholar
Securities and Exchange Commission [SEC]. 2003. Report on the Role and Function of Credit Rating Agencies in the Operation of the Securities Markets. Washington DC: SEC.Google Scholar
Securities and Exchange Commission [SEC]. 1994. Nationally Recognized Statistical Rating Organizations, Concept Release 3434616. Washington D: SEC.Google Scholar
Shaffer, Gregory C. 2009. “How Business Shapes Law: A Socio-Legal Framework,” Connecticut Law Review 42(1): 147183.Google Scholar
Simonson, Donald G. and Hempel, George H.. 1993. “Banking Lessons from the Past: The 1938 Regulatory Agreement Interpreted,” Journal of Financial Services Research 1993: 249267.CrossRefGoogle Scholar
Singer, David Andrew. 2007. Regulating Capital: Setting Standards for the International Financial System. Ithaca NY: Cornell University Press.Google Scholar
Sinclair, Timothy J. 2005. The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness. Ithaca: Cornell University Press.Google Scholar
Stulz, Rene M. 2004. “Should We Fear Derivatives?Journal of Economic Perspectives 18(3): 173192.CrossRefGoogle Scholar
Suchman, Mark. 2003. “The Contract as Social Artifact,” Law and Society Review 37(1): 91142.CrossRefGoogle Scholar
West, Richard R. 1973. “Bond Ratings, Bond Yield and Financial Regulation: Some Findings,” Journal of Law and Economics 16(1): 159168.CrossRefGoogle Scholar
Weber, Rolf H. and Darbellay, Aline. 2008. “The regulatory use of credit ratings in bank capital requirement regulations,” Journal of Banking Regulation 10(1): 116.CrossRefGoogle Scholar

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×