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Financial Dollarization: Short-Run Determinants in Transition Economies

M. Emranul Haque and Kyriakos C. Neanidis

Centre for Growth and Business Cycle Research Discussion Paper Series from Economics, The University of Manchester

Abstract: This paper tests the proposition that fiscal transparency, measured by a newly constructed data on budget openness, can be a powerful control on corruption. This result is robust to the choice of index of corruption, conditioning variables, country sample, exclusion of outliers, and the use of different instrumentation and estimation techniques.

Pages: 8 pages
Date: 2009
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