Negative Alchemy?: Corruption and Composition of Capital Flows
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Crony capitalism and self-fulfilling expectations by international creditors are often suggested as two rival explanations for currency crisis. This paper examines a possible linkage between the two that has so far not been explored: corruption may affect a country’s composition of capital inflows in a way that makes it more likely to experience a...
