کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5056208 1371617 2017 34 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Does easy availability of cash affect corruption? Evidence from a panel of countries
ترجمه فارسی عنوان
آیا دسترسی آسان پول نقد فساد را تحت تاثیر قرار می دهد؟ شواهد از یک گروه از کشورها
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
Using annual panel data of 54 countries for the period 2005-14, we examine whether currency in circulation, both aggregate and in large denominations, affects the level of corruption in a country. Standard panel data models suggest that the ratios of (i) aggregate currency in circulation to M1 and, (ii) large denomination banknotes to M1 are both statistically significant determinants of corruption. Tests for reverse causality within a panel Granger framework reveal a uni-directional causality of corruption with the first variable, but a bi-directional one with the second. These findings suggest that a limitation in the supply of high-denomination banknotes, inter alia, could be a tool to fight corruption, and bring to the fore the important role of payment systems, extending an earlier study by Goel and Mehrotra (2012). The results also highlight that, along with the government, the central bank of an economy can also play an important role in the fight against corruption.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Systems - Volume 41, Issue 2, June 2017, Pages 236-247
نویسندگان
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