Credit Ratings and Sovereign Debt

1. Front Matter

   Pages i-xi

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2. Introduction: Credit Rating Crisis

   • Bartholomew Paudyn

   Pages 1-29

3. Crisis and Control

   • Bartholomew Paudyn

   Pages 30-82

4. The Rise of Risk and Uncertainty

   • Bartholomew Paudyn

   Pages 83-134

5. Rating Performativity

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   Pages 135-182

6. Epistocracy versus Democracy

   • Bartholomew Paudyn

   Pages 183-202

7. Conclusion: Problematizing the Ratings Space

   • Bartholomew Paudyn

   Pages 203-213

8. Back Matter

   Pages 214-245

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Bartholomew Paudyn investigates how governments across the globe struggle to constitute the authoritative knowledge underpinning the political economy of creditworthiness and what the (neoliberal) 'fiscal normality' means for democratic governance.

• Political economy
• credit rating
• debt crisis
• politics of limits
• sovereign debt
• financial markets
• Europe
• Governance
• political economy

• University of Victoria, Canada

  Bartholomew Paudyn

Bartholomew Paudyn researches/lectures in the International Political Economy (IPE) of financial and debt/fiscal relations. Prior to the London School of Economics & Political Science, he was a Postdoctoral Fellow in the Dept of Political Science at the University of Victoria (Canada) and a Visiting Fellow at the Centre for the Study of Globalisation and Regionalisation at the University of Warwick (UK). His research explores how the management through risk/uncertainty fuels a growing antagonism between the imperatives of the programmatic/epistocratic and operational/politics dimensions of budgetary governance. Currently, he is involved in projects that problematise how authoritative knowledge is constituted and expertise deployed in the political economy of creditworthiness, and what financial globalisation means for some of the most fundamental challenges facing debt/fiscal relations and national, democratic self-determination to date, such as the stable development of emerging markets (BRICs) and the integrity of Economic and Monetary Union (EMU).

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