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 … countries with regard to the level of corruption. …

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 … between countries with regard to the level of corruption. …

The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime …. It is shown that a credibly …xed exchange rate to a low in‡ation country, like a currency board, can reduce corruption … between countries with regard to the level of corruption. …

This paper analyses the influence of the exchange rate regime of a country on the level of tolerated corruption with a … induce governments to intensify the fight against corruption. It is shown that if corruption has a considerable positive … impact on output, a tight peg regime can increase tolerated corruption. However, if corruption has a negative effect on …