international financial decision-making, also as it relates to the legitimacy of the international system in the eyes of the public …

the preservation of the central bank’s legitimacy requires that a clear line be drawn between the central bank’s provision …

The paper studies the effect of additional government revenues on political corruption and on the quality of … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … transfers increase political corruption and reduce the quality of candidates for mayor. …

. We show that corruption opportunities are lower under centralization at each period of time. However, centralization … makes more difficult for citizens to detect corrupt incumbents. Thus, corruption is easier under centralization for low …

politician corruption that we conducted in North India is remarkably consistent with our theoretical predictions. …

We study the emergence and interaction of red tape and corruption in a principal-bureaucrat-agent hierarchy. The … the social optimum if the bureaucrat in charge of red tape is corrupt. We consider two types of corruption. First, the … bribes to conceal the information produced through red tape. The former kind of corruption tends to reduce red tape, while …

enforcement of property rights influences the ex-post distribution of rents, there is room for corruption. We characterize the …) rents to government employees; ii) corruption; and iii) misallocation of talent. Therefore, these observations are not by … corruption and the misallocation of talent, and increase investment. It will also often be the case that bureaucracies will …