Date of Submission
Spring 2018
Academic Programs and Concentrations
Economics
Project Advisor 1
Aniruddha Mitra
Project Advisor 2
Sanjay DeSilva
Abstract/Artist's Statement
This project investigates whether financial liberalization increases corruption on a global level. Arguments put forward by international institutions such as the World Bank and the IMF claim that financial globalization will reduce corruption. However, the experience of India suggests that opening up financial markets might have increased corruption. This project tests whether this experience is generalizable worldwide. I find evidence for the conjecture that financial liberalization increased corruption in a panel analysis using random effects and lagged independent variable.
Open Access Agreement
Open Access
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Recommended Citation
Ghate, Pranjal Sudhir, "Does Financial Liberalization Increase Corruption?: Evidence from a Panel Analysis" (2018). Senior Projects Spring 2018. 274.
https://digitalcommons.bard.edu/senproj_s2018/274
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