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Does Corruption Sand or Grease the Wheels of Financial Sector Development?

  • Topic: Does Corruption Sand or Grease the Wheels of Financial Sector Development?
  • Speaker: Professor Arusha Cooray, the Nottingham University Business School (Malaysia)
  • Venue:E4A - 623
  • When: 11th August, 2016, (Thu)
  • Time: 11:00 am - 12:00 pm (morning tea starts at 10:45 am)

 Abstract:

This paper examines the relationship between corruption and financial sector development in 106 countries. Overall results suggest non-linearity in the relation between corruption and financial sector development. Results for region disaggregated results suggest non-linearity in the relationship between corruption and financial sector development in all regions with the exception of the Middle East and North Africa, and Eastern Europe and Central Asia. A linear negative relationship is detected for these two regions suggesting differences in the nature of corruption between regions.

Speaker Profile:

Arusha Cooray is an applied macroeconomist at the Nottingham University Business School (Malaysia), research associate at the Centre for Applied Macroeconomic Analysis, Australian National University; and external associate at the Brooks World Poverty Institute. She received her PhD from the University of New South Wales. Her research interests include development macroeconomics, open economy macroeconomics and macro finance.



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