Corruption, composition of capital flows, and currency crises

Crony capitalism and international creditors ' self-fulfilling expectations are often suggested as rival explanations for currency crises. A possible link between the two has not been explored. The author shows one channel through which crony capitalism can increase the chance of a currency/fin...

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Bibliographic Details
Main Author: Wei, Shang-Jin
Corporate Author: Banco Mundial
Format: Book
Published: Washington, D.C. World Bank 2000
Series:Policy research working paper no. 2429
Subjects: