Corruption and Financial Development — Evidence from Eastern Europe and Central Asia Countries

Ekşi, Ibrahim Halil and Doğan, Berna (2020) Corruption and Financial Development — Evidence from Eastern Europe and Central Asia Countries. Public Finance Quarterly = Pénzügyi Szemle, 65 (2). pp. 196-209. DOI https://doi.org/10.35551/PFQ_2020_2_3

Preview

PDF - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
407kB

Official URL: https://doi.org/10.35551/PFQ_2020_2_3

Abstract

Studying the relation between corruption perception and financial markets and examining its consequences for the financial system have attracted many researchers in recent years. To understand the effect of it’s to financial markets is important for especially emerging countries. This paper examined the impact of Corruption Perception Index (CPI), government size, openness, and GDP on the financial development using the Generalized Method of Moment (GMM) approach of 19 Eastern Europe and Central Asia countries for the period 2012 to 2017 as yearly dates. Our findings suggest that there is not a relationship between the level of corruption perception and financial development.

Item Type:

Article

Uncontrolled Keywords:

corruption perception index, financial development, GMM

JEL classification:

G15 - International Financial Markets
G18 - General Financial Markets: Government Policy and Regulation
G19 - General Financial Markets: Other

Subjects:

Finance

DOI:

https://doi.org/10.35551/PFQ_2020_2_3

ID Code:

8659