Annette Heuser: The 3 agencies with the power to make or break economies

Annette Heuser: The 3 agencies with the power to make or break economies

Assessment

Interactive Video

Business

11th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the role and impact of rating agencies, particularly during the Euro crisis. It highlights the issues with the current system dominated by three major players, which lack transparency and have conflicts of interest. The speaker introduces INCRA, a nonprofit rating agency model, aiming to provide a transparent and inclusive alternative. INCRA focuses on broader indicators and involves multiple stakeholders, offering a more comprehensive assessment of sovereign risk. The video concludes with a call to action for reforming the rating agency sector.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What prompted the speaker to think about rating agencies while driving in Germany?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How do rating agencies impact a country's ability to borrow money?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Why does the speaker believe sovereign ratings should be defined as public goods?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the main issues with the current rating agency system as described by the speaker?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is INCRA and how does it differ from existing rating agencies?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do forward-looking indicators play in the assessment of a country's economic health?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

How would INCRA ensure transparency in its rating process?

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