Corruption and saving in a panel of countries

Swaleheen, Mushfiq

doi:10.1016/j.jmacro.2007.05.002

Cited by 36 publications

(24 citation statements)

References 19 publications

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“…The other previous studies provide evidences that corruption may affect the soundness of banks indirectly through several channels. Swaleheen (2008) finds that corruption is adversely related to the gross national saving rate as it distorts the incentives to save and impairs the ability to save. He demonstrates that corruption may negatively affects saving rate through its positive correlation with real interest rate.…”

Section: Literature Reviewmentioning

confidence: 99%

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The impact of corruption on the soundness of Islamic banks

Bougatef

2015

Borsa Istanbul Review

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Islamic banking is developing rapidly around the world and is increasingly recognized as a viable alternative mode of financing especially these last years when capitalism has shown its limits and weaknesses. However, this astronomical growth of banking and Islamic finance was associated with a high level of corruption that plagues many Muslim countries. This ailment of corruption can deter Islamic banking to be a better effective and meaningful pathway for poverty reduction and economic development. The purpose of this paper is to investigate the impact of corruption on the soundness of Islamic banks (IBs). Using a panel of 69 IBs over the period 2008-2010, we provide robust evidence that the corruption level aggravates the problem of impaired financing. JEL Classification G21 Z12 C33 AbstractIslamic banking is developing rapidly around the world and is increasingly recognized as a viable alternative mode of financing especially these last years when capitalism has shown its limits and weaknesses. However, this astronomical growth of banking and Islamic finance was associated with a high level of corruption that plagues many Muslim countries. This ailment of corruption can deter Islamic banking to be a better effective and meaningful pathway for poverty reduction and economic development. The purpose of this paper is to investigate the impact of corruption on the soundness of Islamic banks (IBs). Using a panel of 69 IBs over the period 2008-2010, we provide robust evidence that the corruption level aggravates the problem of impaired financing. JEL Classification

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Section: Literature Reviewmentioning

confidence: 99%

“…It represents a great obstacle to development and economic growth (Wilhelm, 2002). Corruption can also lower economic growth via the aggravation of the problems with bad loans in the banking sector ( Park, 2012) and through its negative impact on the gross national saving rate by encouraging capital flight ( Swaleheen, 2008).…”

Section: Introductionmentioning

confidence: 99%

The impact of corruption on the soundness of Islamic banks

Bougatef

2015

Borsa Istanbul Review

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“…Por otro lado, Swaleheen (2008) argumenta que en los países donde existe mayor corrupción la tasa bruta de ahorro nacional es menor principalmente a causa de la fuga de capitales. Wong (2016) asegura que la desigualdad de ingresos aumenta con el gasto público en países con altos niveles de corrupción, y Dobson & Ramlogan (2012) encuentran que la corrupción es menos perjudicial para la desigualdad de un país en cuanto permite a las personas del sector informal acceder a beneficios a través de prácticas como el soborno o el clientelismo.…”

Section: Sobre Corrupciónunclassified

Interacción a partir de los mensajes sobre corrupción publicados en Twitter por los precandidatos a la presidencia de Colombia (2018-2022)

Quintero

2018

rev.colomb.cienc.soc

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A través de un análisis de contenido, este estudio indagó por la interacción a partir de los mensajes sobre corrupción publicados en Twitter por los precandidatos a la presidencia de Colombia (2018-2022). Para la selección de los mensajes se utilizó el software NodeXL Pro; esta herramienta también se usó para analizar el sentimiento de los tweets. Los resultados encontrados indican que cuando se refieren a la corrupción, todos los candidatos utilizan Twitter más como un medio para difundir opiniones que para interactuar con otros actores sociales. Cuando interactúan, lo hacen especialmente con periodistas y medios de comunicación y, en menor medida, con instituciones encargadas de castigar a los actores corruptos. Asimismo, los candidatos opositores al gobierno publican más frecuentemente sobre la corrupción; por su parte, los usuarios de Twitter son más propensos a interactuar con mensajes cargados de sentimiento negativo en los que se señale a otros agentes de incurrir en posibles casos de corrupción.

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“…A2: A significant percentage of corrupt money is deposited in banks abroad to escape domestic scrutiny/detection and facilitate laundering (Bayley, 2006;Swaleheen, 2008).…”

Section: Assumptionsmentioning

confidence: 99%

Unjust Enrichment from Official Corruption in Africa: Theory and Model on How Lenders Have Benefited

Asongu

Nwachukwu

2016

SSRN Journal

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A 2015 World Bank report on the achievement of Millennium Development Goals (MDGs) revealed that since the 1990s, extreme poverty has been decreasing in all regions of the world with the exception of Africa where about 50 percent of countries in Sub-Saharan Africa did not achieve the MDG extreme poverty target despite the sub-region enjoying more than two decades of GDP growth resurgence. The purpose of this chapter is twofold. First to understand the interconnections between the large pool of capital transferred to the OECD countries and the corrupt deposits of stolen public funds. Second, to illustrate how such diversion of funds overseas are related to the spread of poverty in the African economies. We enunciate a 'poverty multiplier theory' and propose a model for its application within an African context. The 'poverty multiplier theory' postulates that: (i) one unit of currency deposited abroad represents a loss in financial development at home (ii) a fraction of the unit currency placed in foreign bank accounts is redirected to the domestic economy in the form of external debt. This external debt is further siphoned overseas through interest and loan principal repayment. Policy implications of these processes are discussed.JEL Classification: B20; F35; F50; O19; O55

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Corruption and saving in a panel of countries

Cited by 36 publications

References 19 publications

The impact of corruption on the soundness of Islamic banks

The impact of corruption on the soundness of Islamic banks

Interacción a partir de los mensajes sobre corrupción publicados en Twitter por los precandidatos a la presidencia de Colombia (2018-2022)

Unjust Enrichment from Official Corruption in Africa: Theory and Model on How Lenders Have Benefited

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