Corruption affects the composition of capital inflows in a way that may raise the likelihood of a currency crisis …

nor Japanese investors treat corruption in East Asia any differently from that in other parts of the world. There are …This paper studies the effect of corruption on foreign direct investment. The sample covers bilateral investment from … the tax rate on multinational firms or the corruption level in a host country reduces inward foreign direct investment …

This paper offers a new interpretation of the connection between openness and good governance. Assuming that corruption … open economy' as determined by its size and geography would devote more resources to building good institutions and would … display lower corruption in equilibrium. In data, naturally more open economies' do exhibit less corruption even after taking …

literature: corruption may affect a country's composition of capital inflows in a way that makes it more likely to experience a …

thus dampens the negative effect that deposit insurance has on banks' risk taking. "--World Bank web site …

institutions dispose a country toward adopting design features that inadequately control risk-shifting. "--World Bank web site …