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

June 2000 - The extent of corruption in a host country affects a foreign direct investor's choice of investing through … a joint venture or through a wholly owned subsidiary. Corruption reduces inward foreign investment and shifts the … ownership structure toward joint ventures. Smarzynska and Wei study the impact of corruption in a host country on foreign …

Is it true that fighting corruption can improve economic efficiency and that fighting bribery can be productive? Not …

October 1999 - Other things being equal, countries with higher tax rates, more corruption, or more restrictions on … bureaucratic corruption adds to those burdens rather than reducing them. In a sample of 14 source countries making bilateral … investments in 45 host countries, Wei finds that taxes, capital controls, and corruption all have large, statistically significant …

This paper examines the role of corruption in the design of monetary policies for developing countries in a framework …, is typically not credible in countries with serious corruption. Second, the optimal degree of conservatism for a Rogoff … (1985)-type central banker is an inverse function of the corruption level. Third, either an optimally designed inflation …

possibility that some features of FDI host countries, such as bureaucratic corruption, may deter inward FDI, but are positively … explicitly into account corruption level in host countries and using a firm-level data set on investment projects in 24 …