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- Chapter 4. Rating Agencies: Do They Work?
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Classroom Contents
Banking: Successes and Failures - From Goldsmiths to Modern Regulation
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- 1 - Chapter 1. On Andrew Redleaf: Reaping Rewards from Opportunities
- 2 - Chapter 2. The Origin of Banks, from Goldsmiths to Commercial Banks
- 3 - Chapter 3. Why Banks Exist: On Adverse Selection, Moral Hazard and Liquidity
- 4 - Chapter 4. Rating Agencies: Do They Work?
- 5 - Chapter 5. The Ongoing Fragility of Banks and Structures of Bank Regulation
- 6 - Chapter 6. The Subprime Crisis in the U.S. and in Europe
