Does Financial Development Reduce Corruption?
نویسندگان
چکیده
منابع مشابه
No 46 BY HOW MUCH DOES CONFLICT REDUCE FINANCIAL DEVELOPMENT ?
Financial development is vulnerable to social conflict. Conflict reduces the demand for domestic currency as a medium of exchange and a store of value. Conflict also leads to poor quality governance, including weak regulation of the financial system, thereby undermining the sustainability of financial institutions. Conflict therefore reduces the social return to financial liberalization and oth...
متن کاملDoes competition among public offi cials reduce corruption? An experiment∗
Despite the abundance of theoretical and empirical studies on corruption, identifying successful anti-corruption strategies remains a challenge. This paper tests the effectiveness of an anti-corruption policy that is often discussed among practitioners: an increase in competition among offi cials providing the same good or service. In particular, we investigate whether overlapping jurisdictions...
متن کاملDoes Economic Growth Reduce Corruption? Theory and Evidence from Vietnam∗
Government corruption is more prevalent in poor countries than in rich countries. This paper uses cross-industry heterogeneity in growth rates within Vietnam to test empirically whether growth leads to lower corruption. We find that it does. We begin by developing a model of government officials’ choice of how much bribe money to extract from firms that is based on the notion of inter-regional ...
متن کاملDoes Local Financial Development Matter?
We study the effects of differences in local financial development within an integrated financial market. We construct a new indicator of financial development by estimating a regional effect on the probability that, ceteris paribus, a household is shut off from the credit market. By using this indicator we find that financial development enhances the probability an individual starts his own bu...
متن کاملDoes Central Clearing Reduce Counterparty Risk in Realistic Financial Networks?
Novating a single asset class to a central counterparty (CCP) in an over-the-counter derivatives trading network impacts both the mean and variance of total net exposures between counterparties. When a small number of dealers trade in a relatively large number of asset classes, central clearing increases the mean and variance of net exposures, which may lead to increased counterparty risk and h...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1564445