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Reputation and International Cooperation : Sovereign Debt across Three Centuries.
How does cooperation emerge in a condition of international anarchy? Michael Tomz sheds new light on this fundamental question through a study of international debt across three centuries. Tomz develops a reputational theory of cooperation between sovereign governments and foreign investors. He expl...
| Cote: | Libro Electrónico |
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| Auteur principal: | |
| Format: | Électronique eBook |
| Langue: | Inglés |
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Princeton :
Princeton University Press,
2011.
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| Sujets: | |
| Accès en ligne: | Texto completo |
| Résumé: | How does cooperation emerge in a condition of international anarchy? Michael Tomz sheds new light on this fundamental question through a study of international debt across three centuries. Tomz develops a reputational theory of cooperation between sovereign governments and foreign investors. He explains how governments acquire reputations in the eyes of investors, and argues that concerns about reputation sustain international lending and repayment. Tomz's theory generates novel predictions about the dynamics of cooperation: how investors treat first-time borrowers, how access to credit evolve. |
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| Description matérielle: | 1 online resource (324 pages) |
| ISBN: | 9781400842926 1400842921 1283379945 9781283379946 |