This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....

The economics of corruption: an overview / George T. Abed and Sanjeev Gupta -- pt. 1. Causes and consequences of corruption. Corruption around the world: causes, consequences, scope, and cures / Vito Tanzi -- Bureaucratic corruption and the rate of temptation: do wages in the civil service...