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Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises

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NBER2001-03-01 更新2025-01-04 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 not been explored much in the literature: corruption may affect a country's composition of

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2001-03-01
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