outline a theory that considers conditions under which a politician would and would not prefer reputational development and …

We define and study transparency, credibility, and reputation in a model where the central bank's characteristics are … the sense that it induces lower inflation and employment than expected. Increased transparency makes the bank's reputation …

rate of return by saving abroad. Bulow and Rogoff conjecture that, even under condition (ii), in more general reputation … models with multiple relationships and spillover across them, reputation may support debt. This paper shows what is needed …

"reputation", a valuable asset which provides an incentive for firms to not choose risky projects. The second hypothesis is that … prior to the establishment of a reputation new firms issuing debt are monitored more intensely. The sample studied consists … reputation effect in debt prices is confirmed: the debt of new banks is discounted more heavily than banks with credit histories …

I develop a model in which sovereign debtors repay debt in order to maintain a reputation for repayment. Repayment …