The Rating Agencies and Their Credit Ratings
Автор: Herwig Langohr
Год издания: 0000
Credit rating agencies play a critical role in capital markets, guiding the asset allocation of institutional investors as private capital moves freely around the world in search of the best trade-off between risk and return. However, they have also been strongly criticised for failing to spot the Asian crisis in the early 1990s, the Enron, WorldCom and Parmalat collapses in the early 2000s and finally for their ratings of subprime-related structured finance instruments and their role in the current financial crisis. This book is a guide to ratings, the ratings industry and the mechanics and economics of obtaining a rating. It sheds light on the role that the agencies play in the international financial markets. It avoids the sensationalist approach often associated with studies of rating scandals and the financial crisis, and instead provides an objective and critical analysis of the business of ratings. The book will be of practical use to any individual who has to deal with ratings and the ratings industry in their day-to-day job. Reviews «Rating agencies fulfil an important role in the capital markets, but given their power, they are frequently the object of criticism. Some of it is justified but most of it portrays a lack of understanding of their business. In their book The Rating Agencies and their Credit Ratings, Herwig and Patricia Langohr provide an excellent economic background to the role of rating agencies and also a thorough understanding of their business and the problems they face. I recommend this book to all those who have an interest in this somewhat arcane but extremely important area.» -Robin Monro-Davies, Former CEO, Fitch Ratings. «At a time of unprecedented public and political scrutiny of the effectiveness and indeed the basic business model of the Credit Rating industry, and heightened concerns regarding the transparency and accountability of the leading agencies, this book provides a commendably comprehensive overview, and should provide invaluable assistance in the ongoing debate.» -Rupert Atkinson, Managing Director, Head of Credit Advisory Group, Morgan Stanley and member of the SIFMA Rating Agency Task Force «The Langohrs have provided useful information in a field where one frequently finds only opinions or misconceptions. They supply a firm base from which to understand changes now underway. A well-read copy of this monograph should be close to the desk of every investor, issuer and financial regulator, legislator or commentator.» -John Grout, Policy and Technical Director, The Association of Corporate Treasurers
Diffusion value of the collateral among the affiliated persons of the credit organization structures
Автор: Николай Камзин
Год издания:
The aim of the article is to perform an economic and legal analysis of the financial claims of the credit institution to the borrower through the implementation of the acquired using borrowed funds vehicle that is owned by the borrower and burdened the right of pledge in favor of the bank. And also to identify factors influencing the effect of the financial cost of spraying alienated collateral, including affiliated bank structures, be associated with this process.
A select collection of English songs, with their original airs, and a Historical essay on the origin and progress of national song. Vol. 1
Автор: Joseph Ritson
Год издания:
Полный вариант заголовка: «A select collection of English songs, with their original airs, and a Historical essay on the origin and progress of national song : Vol. 1 : in 3 volumes / by the late Joseph Ritson ; with additional songs and occasional notes by Thomas Park».
A select collection of English songs, with their original airs, and a Historical essay on the origin and progress of national song. Vol. 2
Автор: Joseph Ritson
Год издания:
Полный вариант заголовка: «A select collection of English songs, with their original airs ; and a Historical essay on the origin and progress of national song : Vol. 2 : in 3 volumes / by the late Joseph Ritson ; with additional songs and occasional notes, by Thomas Park».
Профессиональный английский: финансы и кредит. Professional English in Use: Finance and Credit
Автор: Эмилия Комарова
Год издания:
Представлен материал на английском языке, охватывающий основные разделы подготовки специалиста в области финансов: типы финансов, мировые финансовые системы, карьера в финансах, деньги, виды денег, инфляция, ее влияние и роль в экономике, коммерческие и государственные банки, банковские кредиты, процентные ставки, налогообложение, классификация налогов и т.д. Ориентировано на овладение терминологическим минимумом и понимание профильных аутентичных текстов на английском языке без их перевода. Соответствует требованиям Федерального государственного образовательного стандарта высшего профессионального образования по направлению 080100 «Экономика». Для студентов бакалавриата и магистрантов экономических факультетов. Также может быть полезно аспирантам, стажерам и специалистам, отъезжающим за рубеж.
350 Idioms with Their Origin, or The Idiomatic Cake You Can Eat and Have It Too. 350 идиом и их происхождение, или как невинность соблюсти и капитал приобрести
Автор: Л. Ф. Шитова
Год издания:
Книга цикла авторских фразеологических словарей содержит новый подход к изучению идиоматики. Структура книги поможет глубже понять значение идиомы, а история её происхождения останется в памяти, что позволит адекватно употребить это выражение в речи, делая её более богатой и красочной.