The agencies and what they do -- How to think about the agencies -- The agencies and financial innovation -- Cogs in the wheel of financial destruction -- Aftermath -- Addendum: convenient villains & all-purpose bogeymen -- I'll be gone. You'll be gone.

The demand for sovereign ratings has increased throughout last decades. Until the1990's, credit rating agencies (CRAs) did not rate most of the emerging markets and the focus was almost only on developed countries, however, during this decade the number of sovereigns rated increased dramatically...

This book offers a comprehensive guide to the on-going Greek debt crisis. It identifies and explains Greece’s idiosyncratic weaknesses, and highlights the existing rigidities in the EU architecture that make the recovery prospects of the Greek economy challenging. Chapters from expert...