Reputation Spillover Across Relationships with Enduring and Transient Beliefs: Reviving reputation Models of Debt
收藏NBER1996-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5486
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资源简介：
A traditional explanation for why sovereign governments repay debts is that they want to keep good reputations so they can easily borrow more. Bulow and Rogoff show that this argument is invalid under two conditions: (i) there is a single debt relationship, and (ii) regardless of their past actions,
提供机构：
美国国家经济研究局
创建时间：
1996-03-01
