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This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...
Persistent link: https://www.econbiz.de/10012895101
of limited transparency and accountability. Corruption has potentially contributed to poor macro-fiscal outcomes. The …This paper argues that oil revenue management and public investment in Congo are vulnerable to corruption as a result … paper acknowledges the authorities' anti-corruption efforts made so far and proposes further critical reforms to reduce …
Persistent link: https://www.econbiz.de/10012867679
between political fragmentation and public debt changes. Corruption magnifies the effects; with higher perceived corruption …
Persistent link: https://www.econbiz.de/10012977774
It is generally acknowledged that the government’s output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...
Persistent link: https://www.econbiz.de/10013098623
This paper argues that nonfinancial risk management is an essential element of good governance of central banks. It provides a funnelled analysis, on the basis of selected literature, by (i) presenting an outline of central bank governance in general; (ii) zooming in on internal governance and...
Persistent link: https://www.econbiz.de/10012996067
. Countries should improve government effectiveness and control of corruption first to maximize benefits of fiscal …
Persistent link: https://www.econbiz.de/10014082215
Zealand, Singapore, and Sweden). The case studies describe the institutional framework, its evolution, the use of …
Persistent link: https://www.econbiz.de/10013019024
important public service, there is widespread concern that their activities are negatively affected by corruption. However …, there is limited cross-country analysis on the costs of corruption for SOEs. We present new evidence on how corruption … perform as well as private firms in core sectors when corruption is low. Taking advantage of a novel database reforms, we also …
Persistent link: https://www.econbiz.de/10012843522
Paper discusses the factors that contribute to the spread of corruption as well as the implications of corruption for … markets and for public sector activities. It is argued that corruption can be contained mainly by a scaling down of the public …
Persistent link: https://www.econbiz.de/10012781630
public sector reform may meet resistance in countries featuring such systemic corruption …This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and … revolution by creating a system of patronage and loyalty through corrupt bureaucracy. Competitive corruption patterns are …
Persistent link: https://www.econbiz.de/10012782606