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

Despite the abundant research on economic development, corruption and political instability, little research has … corruption, political instability and economic development in the ECOWAS using the Granger causality test within a multivariate …-causes economic development in the short term, while political instability and economic development Granger-cause corruption in the …