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, however, has ambiguous effects. I find that there is convergence between countries with regard to the level of corruption.

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Year of publication:	2008
Authors:	Hefeker, Carsten
Publisher:	Hamburg : Hamburgisches WeltWirtschaftsInstitut (HWWI)
Subject:	Exchange Rate Regime \| Monetary Policy \| Fiscal Policy \| Seigniorage \| Corruption \| Developing and Transition Countries

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Series:	HWWI Research Paper ; 2-12
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	66401769X [GVK] hdl:10419/48222 [Handle] RePEc:zbw:hwwirp:2-12 [RePEc]
Classification:	D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; F33 - International Monetary Arrangements and Institutions
Source:	EconStor

Persistent link: https://www.econbiz.de/10010305524