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Financial Reforms and Corruption

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  • Jha, Chandan Kumar

Abstract

In this paper, I assess the impact of financial reforms on corruption using a panel of 85 countries for 1984-2005. I find that several, but not all, of the policies targeted towards financial liberalization reduce corruption. Specifically, the abolition of entry barriers, credit controls, and excessive reserve requirements along with improvements in the security markets and banking supervision are associated with lower corruption.

Suggested Citation

  • Jha, Chandan Kumar, 2015. "Financial Reforms and Corruption," MPRA Paper 65420, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:65420
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    File URL: https://mpra.ub.uni-muenchen.de/65420/1/MPRA_paper_65420.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Corruption; Banks; Financial Reforms; Liberalization;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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