The result of the vote poses a serious challenge to the government's credibility.
With five consecutive defeats, the manager has lost all credibility.
Pre-colonial agents used signals that reduced the social distance between sender and receiver to convey their credibility to outsiders they wanted to trade with.
Furthermore, agents' ability to exit voluntarily social groups strongly signaled their credibility to existing group members where they stayed.
Copper coinage was the domestic currency that hitherto had enjoyed a credibility bestowed by its official acceptance.
Credibility problems do not allow the central bank to carry out an autonomous monetary policy.
Signals of credibility predicated on adopting degrees of homogeneity are therefore focal, and signal receivers look for them in evaluating the credibility of outsiders.
