Corruption, Composition of Capital Flows, and Currency Crises

Corruption, Composition of Capital Flows, and Currency Crises

Crony capitalism and international creditors' self-fulfilling expectations are often suggested as rival explanations for currency crises. A possible link between the two has not been explored. The author shows one channel through which crony c...

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Bibliographic Details
Main Author: Wei, Shang-Jin
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
BALANCE SHEETS
BANK CREDIT
BANK FOR INTERNATIONAL SETTLEMENTS
BANK LENDING
BANK LOANS
BORROWING
BRIBERY
BUSINESS LICENSES
CAPITAL FLOWS
CAPITAL INFLOWS
CAPITALS
CITIZENS
COMPETITIVENESS
CORRUPT COUNTRIES
CORRUPT OFFICIALS
CORRUPTION
CORRUPTION LEVELS
CORRUPTION VARIABLE
COUNTRY AVERAGE
COUNTRY CHARACTERISTICS
COUNTRY COVERAGE
CREDIT MARKET
CREDITORS
CRISES
CRONY
CRONY CAPITALISM
DEBT
DEMOCRACY
DEREGULATION
DEVELOPMENT ECONOMICS
DIRECT INVESTMENT STATISTICS
DOMESTIC INVESTORS
ECONOMIC DEVELOPMENT
ECONOMIC POLICY
ECONOMIC RESEARCH
ECONOMIC RISK
EMERGING MARKETS
ETHNIC GROUPS
EXCHANGE RATE
EXCHANGE RATES
EXPENDITURES
EXPORTS
FDI
FINANCIAL CRISIS
FIRM-LEVEL SURVEYS
FOREIGN BANKS
FOREIGN CAPITAL
FOREIGN DIRECT INVESTMENT
GCR
GDP
GDP PER CAPITA
GROSS DOMESTIC PRODUCT
GROSS PROFIT
HOST COUNTRIES
HOST COUNTRY
HOST ECONOMIES
HOST- COUNTRY
HOST-COUNTRY
INDUSTRIAL COUNTRIES
INSURANCE
INTERNATIONAL BANKING
INTERNATIONAL BANKING STATISTICS
INTERNATIONAL BANKS
INTERNATIONAL DEVELOPMENT
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCIAL
INTERNATIONAL INVESTORS
INWARD FOREIGN DIRECT INVESTMENT
MEASUREMENT ERROR
MEASUREMENT ERRORS
MORAL HAZARD
OFFSHORE BANKING
PORTFOLIO
PORTFOLIO INVESTMENT
PRIVATE SECTOR
PUBLIC GOVERNANCE
REVERSE CAUSALITY
STATISTICAL ANALYSES
TAX REVENUES
TRANSITION ECONOMIES
TRANSPARENCY
Online Access:http://documents.worldbank.org/curated/en/2000/08/693237/corruption-composition-capital-flows-currency-crises
http://hdl.handle.net/10986/19816

Internet

http://documents.worldbank.org/curated/en/2000/08/693237/corruption-composition-capital-flows-currency-crises
http://hdl.handle.net/10986/19816

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