. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption …The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime … countries with regard to the level of corruption. …

U.S. data. I particularly emphasize the ramifications of economic growth. A ?growth dividend? has historically covered …

policy whereby NMS must comply with the Stability and Growth Pact (SGP) rules. Indeed, six out of the ten NMS have breached … efforts and responsible fiscal policy-making, supported usually by strong economic growth. In this context, room is given to …

usually supported by strong economic growth. On the second extreme, we identify fiscally irresponsible central European … with the Stability and Growth Pact and later with recent reform efforts. Our key finding concerning the behaviour of the …

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …

In most monetary models of economic growth, higher long-run inflation is associated with a decline in the growth rate … inflation results in lower growth and employment in all three models, while, in the cash-credit good economy of Dotsey and …. We consider three types of endogenous growth models: 1) the AK-model, 2) the Lucas (1990) supply-side model, and 3) the …

In transition and developing countries, we observe rather high levels of corruption even if they have democratic … high corruption levels. Our model is based on the fact that corrupt offcials have to pay an entry fee to get lucrative … positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more …

reduce the growth rate of the public capital stock. We also show that, in the interior equilibrium, the private asset can …