The Effects of Corruption in a Monetary Union

Montserrat Ferré, Judit Garcia Fortuny and Carolina Manzano ()

Open Economies Review, 2021, vol. 32, issue 3, No 5, 539-557

Abstract: Abstract 72% of Europeans in European Monetary Union countries think that corruption is widespread in their country. Corruption can affect the individual country’s performance and, in turn, impact on the performance of the other members of the monetary union. In this article, we will present a monetary union composed of two countries and we will study how the presence of corruption in one member country will affect its economy and the neighbour’s economy. Additionally, we will analyse what measures could reduce the negative spillover effects generated by the presence of corruption.

Keywords: Corruption; Fiscal policy; Monetary policy; Monetary union (search for similar items in EconPapers)
JEL-codes: D60 D73 E52 E58 E62 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11079-020-09608-0 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The Effects of Corruption in a Monetary Union (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:openec:v:32:y:2021:i:3:d:10.1007_s11079-020-09608-0

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11079/PS2

DOI: 10.1007/s11079-020-09608-0

Access Statistics for this article

Open Economies Review is currently edited by G.S. Tavlas

More articles in Open Economies Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().