This paper reviews the recent theoretical literature on collapsing exchange rate regimes. Using a combination of technique, intuition, and real-world observation, we discuss the literature's main insights, point out some unresolved questions and offer suggestions for future research. The survey...

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public ?nance transmission channel. At the theoretical level, we develop a simple dynamic general equilibrium model in which fi?nancial intermediaries make portfolio decisions on behalf of...