Taxation, Corruption and the Exchange Rate Regime
The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption and improve the fiscal system. A monetary union, howev...
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Veröffentlicht in: | MAGKS - Joint Discussion Paper Series in Economics (Band 11-2009) |
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1. Verfasser: | |
Format: | Arbeit |
Sprache: | Englisch |
Veröffentlicht: |
Philipps-Universität Marburg
2009
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Schlagworte: | |
Online-Zugang: | PDF-Volltext |
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Zusammenfassung: | The paper analyzes the relation between institutional quality, such
as corruption, in a country and its monetary regime. It is shown
that a credibly fixed exchange rate to a low inflation country, like a
currency board, can reduce corruption and improve the fiscal system.
A monetary union, however, has ambiguous effects. I find that that
there is convergence between countries with regard to the level of
corruption. |
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ISSN: | 1867-3678 |
DOI: | 10.17192/es2023.0225 |