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Faculty of Business Administration and Economics, Philipps-Universität Marburg >
MAGKS Joint Discussion Paper Series in Economics, Universität Marburg >
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http://hdl.handle.net/10419/30087
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| Title: | | Taxation, corruption and the exchange rate regime  |
| Authors: | | Hefeker, Carsten |
| Issue Date: | | 2009 |
| Series/Report no.: | | Joint discussion paper series in economics 2009,11 |
| 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 …xed exchange rate to a low in‡ation country, like a currency board, can reduce corruption and improve the …scal system. A monetary union, however, has ambiguous e¤ects. I …nd that 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: | | MAGKS Joint Discussion Paper Series in Economics, Universität Marburg
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