ST. LOUIS, Missouri, July 6 (TNSLrpt) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2026-012) on June 15, 2026, by Zachary Stangebye and Mark Wright entitled "Living in Infamy: Bad Reputations in Emerging Markets."

Here is the abstract:

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We present a model of sovereign borrowing in the presence of default risk and asymmetric information. Optimizing sovereigns come in two persistent types with different levels . . .

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