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Credit ratings and sovereign debt : = the political economy of creditworthiness through risk and uncertainty /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Credit ratings and sovereign debt :/ Bartholomew Paudyn.
Reminder of title:	the political economy of creditworthiness through risk and uncertainty /
Author:	Paudyn, Bartholomew,
Description:	1 online resource.
Subject:	Credit ratings. -
Online resource:	http://www.palgraveconnect.com/doifinder/10.1057/9781137302779
ISBN:	1137302771 (electronic bk.)

Credit ratings and sovereign debt : = the political economy of creditworthiness through risk and uncertainty /
Paudyn, Bartholomew,

Credit ratings and sovereign debt :the political economy of creditworthiness through risk and uncertainty /Bartholomew Paudyn. - 1 online resource. - International political economy series. - International political economy series (Palgrave Macmillan (Firm)).

Introduction: Credit Rating Crisis -- New Analytics of Sovereign Ratings -- Socio-Technical Devices of Control -- Government through Risk and Uncertainty -- Performative Political Economy of Creditworthiness -- 1. Crisis and Control -- 2. The Rise of Risk and Uncertainty -- 3. Rating Performativity -- 4. Epistocracy versus Democracy -- 5. Problematizing the Ratings Space.

At the heart of the struggle to constitute the 'politics of limits' - the parameters defining the budgetary realities facing governments - is the growing antagonistic relationship between the imperatives of private (financial) markets and public democracies. Through a new analytical instrumentality, this interdisciplinary account problematizes credit ratings and the problem of sovereign debt to show how the authoritative knowledge underpinning the political economy of creditworthiness is constructed through the deployment of the discursive practices of risk and uncertainty. Unpacking the 'black-box' of sovereign ratings, as a socio-technical device of control and governmentality, we better understand how their authoritative capacity/utility are constituted through their performative effects, which create the conditions and subjectivities that serve to validate and regenerate a disinflationary fiscal normality/rectitude. Political judgment is censured through depoliticizing risk techniques; as a (fallacious) analytics of ratings helps elevate quantitative expertise and relegates competing, qualitative approaches in the design of a neoliberal politics of limits. This exacerbates the asymmetry between epistocracy and democracy, which prompts attempts to reclaim lost fiscal sovereignty.

ISBN: 1137302771 (electronic bk.)

Source: 655192Palgrave Macmillanhttp://www.palgraveconnect.comSubjects--Topical Terms:

591563
Credit ratings.
Index Terms--Genre/Form:

554714
Electronic books.

LC Class. No.: HG3751.5

Dewey Class. No.: 336.3/4

Credit ratings and sovereign debt : = the political economy of creditworthiness through risk and uncertainty /
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505 0 $a Introduction: Credit Rating Crisis -- New Analytics of Sovereign Ratings -- Socio-Technical Devices of Control -- Government through Risk and Uncertainty -- Performative Political Economy of Creditworthiness -- 1. Crisis and Control -- 2. The Rise of Risk and Uncertainty -- 3. Rating Performativity -- 4. Epistocracy versus Democracy -- 5. Problematizing the Ratings Space.
520 $a At the heart of the struggle to constitute the 'politics of limits' - the parameters defining the budgetary realities facing governments - is the growing antagonistic relationship between the imperatives of private (financial) markets and public democracies. Through a new analytical instrumentality, this interdisciplinary account problematizes credit ratings and the problem of sovereign debt to show how the authoritative knowledge underpinning the political economy of creditworthiness is constructed through the deployment of the discursive practices of risk and uncertainty. Unpacking the 'black-box' of sovereign ratings, as a socio-technical device of control and governmentality, we better understand how their authoritative capacity/utility are constituted through their performative effects, which create the conditions and subjectivities that serve to validate and regenerate a disinflationary fiscal normality/rectitude. Political judgment is censured through depoliticizing risk techniques; as a (fallacious) analytics of ratings helps elevate quantitative expertise and relegates competing, qualitative approaches in the design of a neoliberal politics of limits. This exacerbates the asymmetry between epistocracy and democracy, which prompts attempts to reclaim lost fiscal sovereignty.
588 $a Description based on publisher supplied information; title not viewed.
650 0 $a Credit ratings. $3 591563
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