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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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| Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 11-2009) |
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| Main Author: | |
| Format: | Work |
| Language: | English |
| Published: |
2009
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| Subjects: | |
| Online Access: | PDF Full Text |
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| Summary: | 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 |