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Financial Reforms and Corruption

12 Pages Posted: 19 Jun 2015  

Chandan Kumar Jha

Le Moyne College

Date Written: June 16, 2015


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.

Keywords: Corruption, Banks, Financial Reforms, Liberalization

JEL Classification: D73, G28, O16

Suggested Citation

Jha, Chandan Kumar, Financial Reforms and Corruption (June 16, 2015). Available at SSRN: or

Chandan Kumar Jha (Contact Author)

Le Moyne College ( email )

Syracuse, NY 13214
United States

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