@techreport{Hefeker2008Taxation,
abstract = {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 and improve the fiscal system. A monetary union, however, has ambiguous effects. I find that there is convergence between countries with regard to the level of corruption.},
address = {Hamburg},
author = {Carsten Hefeker},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D72; E63; F33; 330; Exchange Rate Regime; Monetary Policy; Fiscal Policy; Seigniorage; Corruption; Developing and Transition Countries},
language = {eng},
number = {2-12},
publisher = {HWWI Institute of International Economics},
title = {Taxation, corruption and the exchange rate regime},
type = {HWWI Research Paper},
url = {http://hdl.handle.net/10419/48222},
year = {2008}
}
