Cooray, Arusha (2023) Corruption and the Financial Sector: An examination of the literature. In: Jha, Chandan Kumar, Mishra, Ajit, and Sarangi, Sudipta, (eds.) The Political Economy of Corruption. Routledge Frontiers of Political Economy . Routledge, Abingdon, Oxon, UK, pp. 87-99.

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Abstract

This chapter reviews the literature on the role of corruption in financial sector development, with a view to providing greater understanding of the channels through which corruption affects financial sector development. The studies reviewed can be broadly categorised into (i) those which put forward compelling arguments in favour of the ‘sand the wheels’ hypothesis, (ii) those which provide support in favour of the ‘grease the wheels’ hypothesis and (iii) those that fall outside of these two categories. The conclusions of all studies provide strong support for the need to address the issue of corruption to promote greater financial sector efficiency.

Item ID:	79972
Item Type:	Book Chapter (Research - B1)
ISBN:	9781003142300
Copyright Information:	© 2023 selection and editorial matter, Chandan Kumar Jha, Ajit Mishra and Sudipta Sarangi individual chapters, the contributors
Date Deposited:	06 Sep 2023 00:57
FoR Codes:	38 ECONOMICS > 3801 Applied economics > 380107 Financial economics @ 50% 38 ECONOMICS > 3801 Applied economics > 380113 Public economics - public choice @ 50%
SEO Codes:	15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150299 Macroeconomics not elsewhere classified @ 100%
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