Capital Corruption
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Corruption Composition Of Capital Flows And Currency Crises
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Author : Shang-Jin Wei
language : en
Publisher: World Bank Publications
Release Date : 2000
Corruption Composition Of Capital Flows And Currency Crises written by Shang-Jin Wei and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Bank loans categories.
Corruption affects the composition of capital inflows in a way that may raise the likelihood of a currency crisis.
On Corruption And Capital Accumulation
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Author : Mr.V. Hugo Juan-Ramon
language : en
Publisher: International Monetary Fund
Release Date : 1994-07-01
On Corruption And Capital Accumulation written by Mr.V. Hugo Juan-Ramon and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-07-01 with Social Science categories.
Reforming economies have typically placed little attention on the impact of illegal activities on the success of reform/stabilization packages and optimal policy design. This paper aims at developing a framework in which to assess an economy’s response to alternative stabilization/reform packages as a function of the scope of corruption activities. The framework developed herein is a basic one in which only the most fundamental questions (such as the effects of anti-corruption government policies on output and welfare) are examined. The more interesting questions of the optimal design of stabilization and economic reform policies remain to be addressed in future extensions of the model. The framework also accommodates political-economy analysis, and is able to explain why, even when able to eliminate corruption activity altogether, governments may choose not to do so. Our framework differentiates between developing and developed economies according to the income share accruing to capital, as is common in the literature. In equilibrium, the effect of anti-corruption penalties on the economy’s capital stock is greater in developing countries; in particular, we find that the elasticity of the steady state average per capita stock of capital with respect to increases in anti-corruption penalties is increasing in the income share accruing to capital. The model also shows that reductions in public good output, as a fraction of the economy’s total expenditure, lead to larger welfare decreases when in the presence of corruption.
Capital Corruption
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Author : Amitai Etzioni
language : en
Publisher: Transaction Publishers
Release Date : 1984
Capital Corruption written by Amitai Etzioni and has been published by Transaction Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Art categories.
This work is a quality analysis of the problems posed by Political Action Committees in American life. As the author notes in his new introduction: "Political corruption, as measured by campaign contributions of special interests to elected officials, increased significantly in the few years since the first publication of Capital Corruption. The number of PACs rose from 2,551 in 1980 to 4,175 by 1986. The percentage of PAC contribution of total campaign costs increased from 31.4 percent in 1980 to 41.9 percent (House) and 24.5 percent to 27.0 percent (Senate) in 1986." Such data only begin to tell the story of a book which has grown in stature during the decade. Etzioni characterizes Washington as a marketplace where deals are struck, where a special interest group can buy single pieces of legislation or long-run commitments or a whole slew of legislation. Because such purchases are not direct, but elliptical, they fall within the legal system, but for Etzioni, they are beyond the pale of moral or political worthiness. The book provides policy answers to vexing political dilemmas of mass politics today. The volume has been described as "a devastating indictment of our present system of financing elections" (John Anderson); Etzioni has been called "arguably the best political sociologist writing today" (Warren Bennis); and the founder of Common Cause has termed this "a powerful and important book. If it is widely read and understood the nation will benefit" (John Gardner).
The Quality Of Bureaucracy And Capital Account Policies
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Author : Chong-En Bai
language : en
Publisher: World Bank Publications
Release Date : 2001
The Quality Of Bureaucracy And Capital Account Policies written by Chong-En Bai and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Administracion publica categories.
The extent of bureaucracy varies extensively across countries, but the quality of bureaucracy within a country changes more slowly than economic policies. The authors propose that the quality of bureaucracy may be an important structural determinant of open economy macroeconomic policies - especially the imposition or removal of capital control. In their model, capital controls are an instrument of financial repression. They entail efficiency loss for the economy but also generate implicit revenue for the government. The results show that bureaucratic corruption translates into the government's reduced ability to collect tax revenues. Even if capital controls and financial repression are otherwise inefficient, the government still has to rely on them to raise revenues to provide public goods. Among the countries for which the authors could get relevant data, they find that the more corrupt ones are indeed more likely to impose capital controls, a pattern consistent with the model's prediction. To deal with possible reverse causality, they use the extent of corruption in a country's judicial system, and the degree of democracy, as the instrumental variables for bureaucratic corruption. The instrumental variable regressions show the same result: more corrupt countries are associated with more severe capital controls. The results suggest that as countries develop and improve their public institutions, reducing bureaucratic corruption over time, they will choose to gradually liberalize their capital accounts. Removing capital controls prematurely when forced by outside institutions to do so could reduce rather than improve their economic efficiency.
Corrupt Capital
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Author : Kenneth Sebastian León
language : en
Publisher: Routledge
Release Date : 2020-09-22
Corrupt Capital written by Kenneth Sebastian León and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-22 with Law categories.
This book offers a deep dive into the social, political, and economic forces that make white-collar crime and corruption a staple feature of the nightlife economy. The author, a former bouncer-turned-bartender of party bars and nightclubs in a large U.S. city, draws from an auto-ethnographic case study to describe and explain the routine and embedded nature of corruption and deviance among the regulators and the regulated in the nightlife environment. This text offers a contemporary and incisive theoretical framework on the criminogenic features and structural contradictions of capitalism. The author both describes and explains how the dominant political economy is rife with structural contradictions that, in turn, generate various manifestations of white-collar crime, organizational deviance, and public corruption. The author uses the bar and nightlife environment to empirically anchor these claims. Methodologically, the research is innovative in advancing inquiry into ethically and logistically challenging environments. The style of writing and framing of the text is one that punches upward and avoids the voyeuristic and reductionist tropes historically associated with "dangerous fieldwork." Through a range of disciplinary perspectives, Corrupt Capital offers both scholarly rigor and inviting prose to advance our understanding of crimes of the relatively powerful and powerless alike. An accessible and compelling text, this book will appeal to readers in criminology, sociology, law and society, political science, and all those interested in learning about the relationship between power, law, and routinized corruption in the nightlife economy.
Decentralisation Corruption And Social Capital
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Author : Sten Widmalm
language : en
Publisher: SAGE Publications Ltd
Release Date : 2008-04-14
Decentralisation Corruption And Social Capital written by Sten Widmalm and has been published by SAGE Publications Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-14 with Political Science categories.
In this book, Sten Widmalm adopts comparative and empirical approaches to examine how decentralization is connected to social capital and corruption. Using evidence from in-depth field studies in Madhya Pradesh and Kerala, and analyzing it against historical cases from around the world, he presents theoretical perspectives and policy suggestions. Widmalm’s journey takes him to ancient Rome, Greece and India, as well as to the West, China, Latin America, and Russia of more recent times.
Network Corruption
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Author : Willeke Slingerland
language : en
Publisher:
Release Date : 2019-03-06
Network Corruption written by Willeke Slingerland and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-06 with Social Science categories.
Corruption is generally referred to as bribery. This books deals with a different form of corruption: corruption caused by networks. Network corruption is the form of corruption in which the interaction of multiple actors within a social network results in corruption but in which the individual behaviour as such is not necessarily corrupt. The main reason for this research is that a gap appears to exist in the available theories on corruption: very little research is available on corruption by a network, nor does the network theory thoroughly discuss the risks or pitfalls of networks or how such a collective can become corrupt. As such this books offers a 'new layer' by clearly defining what distinguishes network corruption from corruption networks. The other reason for this research is the observation that policies and investigations appear to be limited in dealing with corruption in network-like structures. This book deals with the question how corruption is linked to the functioning of social networks. The available literature of both corruption and networks was reviewed. Some theories support the idea of collective acting and collective responsibility which can be used in cases of corruption by a network. The conceptual analysis results in one assessment frame which helps in distinguishing when networks are a form of social capital and when they deteriorate into corruption. The assessment frame was applied to three case studies from developed western societies in which corruption was brought in connection with a network (the international FIFA case, the News of the World International phone-hacking scandal from the United Kingdom and the Dutch city of Roermond). This allowed for a better understanding of the mechanisms and characteristics of networks. The findings on the link between networks and corruption gained from this book call for alternative routes for policy development and for a greater network awareness. This book concludes with policy recommendation and ways to ensure networks remain the essential Social Capital needed in our society.
Corruption Composition Of Capital Flows And Currency Crises
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Author : Shang-Jin Wei
language : en
Publisher:
Release Date : 2016
Corruption Composition Of Capital Flows And Currency Crises written by Shang-Jin Wei and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Corruption affects the composition of capital inflows in a way that may raise the likelihood of a currency crisis.Crony capitalism and international creditors' self-fulfilling expectations are often suggested as rival explanations for currency crises. A possible link between the two has not been explored.Wei shows one channel through which crony capitalism can increase the chance of a currency/financial crisis by altering the composition of capital inflows.Using data on bilateral foreign direct investment and bilateral bank loans, Wei finds clear evidence that in corrupt countries the composition of capital inflows is relatively light in foreign direct investment.Earlier studies indicated that a country with a capital inflow structure is more likely to run into a currency crisis down the road (partly through international creditors' self-fulfilling expectations).Therefore, crony capitalism, through its effect on the composition of a country's capital inflows, makes the country more vulnerable to currency crises brought about by self-fulfilling expectations. Corruption may also weaken domestic financial supervision, with a subsequent deterioration in the quality in banks' and firms' balance sheets.This paper - a product of Public Economics, Development Research Group - is part of a larger effort in the group to understand the connection between corruption and international capital flows. This study was supported in part by a grant from the OECD Development Center. The author may be contacted at [email protected].
Criminal Capital
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Author : Andrew Sanchez
language : en
Publisher: Routledge
Release Date : 2016-04-14
Criminal Capital written by Andrew Sanchez and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-14 with Political Science categories.
Criminal Capital explores the relationship between neoliberalism, criminality and the reshaping of class in modern India. It discusses how the political vocabularies of urban industrial workers reflect the processes by which power is distributed across the region. Based upon field research among a ‘casualised’ workforce in the industrial city of Jamshedpur, the book examines the links between the decline of employment security, and criminality in trade unions, corporations and the state. The volume compares popular discourses of corruption against the ethnography of local labour politics, business enterprise and debt collection, and shows how corruption and criminality consolidate class power in industrial environments. Using an interdisciplinary ethnographic approach, this study interrogates the relationship between capitalism, corruption, violence and labour politics in contemporary Indian society. An important intervention in the study of Indian political economy, this work will be of interest to scholars and researchers of Indian politics, social anthropology, economics, labour relations and criminology.
On Corruption And Capital Accumulation
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Author : Carlos Asilis
language : en
Publisher:
Release Date : 2006
On Corruption And Capital Accumulation written by Carlos Asilis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Reforming economies have typically placed little attention on the impact of illegal activities on the success of reform/stabilization packages and optimal policy design. This paper aims at developing a framework in which to assess an economy`s response to alternative stabilization/reform packages as a function of the scope of corruption activities. The framework developed herein is a basic one in which only the most fundamental questions (such as the effects of anti-corruption government policies on output and welfare) are examined. The more interesting questions of the optimal design of stabilization and economic reform policies remain to be addressed in future extensions of the model. The framework also accommodates political-economy analysis, and is able to explain why, even when able to eliminate corruption activity altogether, governments may choose not to do so. Our framework differentiates between developing and developed economies according to the income share accruing to capital, as is common in the literature. In equilibrium, the effect of anti-corruption penalties on the economy`s capital stock is greater in developing countries; in particular, we find that the elasticity of the steady state average per capita stock of capital with respect to increases in anti-corruption penalties is increasing in the income share accruing to capital. The model also shows that reductions in public good output, as a fraction of the economy`s total expenditure, lead to larger welfare decreases when in the presence of corruption.