Summary of The New Masters of Capital

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

The New Masters of Capital book summary
Start getting smarter:
or see our plans

Rating

8 Overall

7 Applicability

8 Innovation

6 Style

Recommendation

Few writers have closely examined the work of bond rating agencies – even though their decisions can move markets, open or close the doors to capital, and even bring down governments. Timothy J. Sinclair manages to keep his prose relatively accessible, despite his many references to research that could appeal only to academics. Although his detailed analysis of various sociological characterizations of agency power may be of little interest to the general reader, getAbstract believes that his main point – rating agencies exercise power and influence well beyond the bond markets – deserves careful consideration by anyone interested in economics, finance, politics or the issue of globalization.

In this summary, you will learn

  • What bond rating agencies are;
  • How they work; and
  • Why these apparently technical bodies have such profound political, social and economic power worldwide.
 

About the Author

Timothy J. Sinclair teaches international political economy at the University of Warwick. He is the co-author of Approaches to World Order and the editor of Global Governance: Critical Concepts in Political Science, Structure and Agency in International Capital Mobility and Approaches to Global Governance Theory.

 

Summary

The American Way
American military power is obvious and undeniable. Less apparent, but in some ways even more influential, is the power of U.S. economic policies. For example, although few people understand bond rating agencies, those in the U.S. affect global politics by making American...

Get the key points from this book in 10 minutes.

For you

Find the right subscription plan for you.

For your company

We help you build a culture of continuous learning.

 or log in

Comment on this summary

More on this topic

Contained in Knowledge Pack:

  • Knowledge Pack
    Bonds
    That's bond, investment bond…If James Bond was the last bond you really liked, now you can investigate the mysteries of debt securities and the bond market.

Customers who read this summary also read

More by category