Categories
Business and Society Money and Banking News

Downgrading Moody’s

Moody’s threatened to downgrade Spain’s debt yesterday. Why do we pay any attention to anything they, or the other ratings agencies, say? In conclusion, I have tried to show that Moody’s managers deliberately engineered a change to its culture intended to ensure that rating analysis never jeopardized market share and revenue. They accomplished this both […]

Categories
Business and Society Money and Banking News

Real World Economics Review blog

I’m interested to see that the Real World Economics Review (an e-journal for heterodox economists) now has a blog. They already have some interesting contributions, and I hope fertile discussion will follow!