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A central bank-type institution could provide both the political independence and the institutional credibility to reassure investors that a high carbon price will be sustained.
It undermines a central bank's "institutional credibility", even if it doesn't impair its day-to-day viability.
If anything, "institutional credibility" is a cause of its balance-sheet problem not a potential casualty of it.
The European Union's unwillingness or inability to control the flow has helped further undermine its institutional credibility.
Against this backdrop, this article consciously opts to refer to institutional "credibility" instead of the more fashionable concept of institutional "trust".
There is personal and institutional credibility riding on Katharina Wagner's new production of Tristan und Isolde, which opened the 2015 Bayreuth festival.
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There is an overriding principle that nothing is more important than the art itself, yet there are contradictory hierarchies based on qualities such as fame, credibility, institutional affiliation, education and wealth.
It has been an investment rather than just a grant, as it has provided strategic space and resource for systematic work for consolidating the network, establishing its institutional positioning and credibility.
The paper finds weak support for the idea that the level of development, institutional quality, or monetary credibility or fiscal solvency is correlated with Original Sin.
Chinese soccer problems go beyond rotten apples, and the deep structural obstacles to solving them tell you quite a bit about the broader debate about credibility and institutional strength in Chinese life today.
In the absence of trusted national authorities to adjudicate on matters of science, or global institutional bodies with enough credibility to speak to these issues, renewed attention should be paid to global governance in stem cell research, as we are now beginning to see for areas such as research involving biobanks[50].
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com