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Title:Taxation, corruption and the exchange rate regime PDF Logo
Authors:Hefeker, Carsten
Issue Date:2009
Series/Report no.:CESifo working paper 2561
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.
Subjects:Exchange rate regime
monetary policy
fiscal policy
seigniorage
corruption
developing and transition countries
JEL:D72
E63
F33
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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