Abstract

http://ssrn.com/abstract=1349790
 
 

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Taxation, Corruption and the Exchange Rate Regime


Carsten Hefeker


HWWA Institute of International Economics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

February 1, 2009

CESifo Working Paper Series No. 2561

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 fixed exchange rate to a low inflation country, like a currency board, can reduce corruption and improve the fiscal system. A monetary union, however, has ambiguous effects. I find that there is convergence between countries with regard to the level of corruption.

Number of Pages in PDF File: 31

Keywords: exchange rate regime, monetary policy, fiscal policy, seigniorage, corruption, developing and transition countries

JEL Classification: D72, E63, F33

working papers series


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Date posted: February 26, 2009  

Suggested Citation

Hefeker, Carsten, Taxation, Corruption and the Exchange Rate Regime (February 1, 2009). CESifo Working Paper Series No. 2561. Available at SSRN: http://ssrn.com/abstract=1349790

Contact Information

Carsten Hefeker (Contact Author)
HWWA Institute of International Economics ( email )
Heimhuder Strasse 71
20347 Hamburg, DE Hamburg 20148
Germany
CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Poschinger Str. 5
Munich, DE-81679
Germany
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