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Naved Ahmad and Shahid Ali
''Corruption and financial sector performance: A cross-country analysis''
( 2010, Vol. 30 No.1 )
In this paper we explore the effects of corruption on financial sector performance for a sample of 38 developed and developing economies for the period 1995-2005. Using system-GMM technique our results demonstrate that corruption undermines the efficacy of a developed financial sector. Governments, therefore, should control corruption and to improve financial sector performance in order to increase the likelihood of economic growth and prosperity.
Keywords: Transparency International Corruption Perceptions index, financial Sector Performance, Domestic Credit, and Panel Estimation.
JEL: O1 - Economic Development: General
Manuscript Received : Dec 29 2009 Manuscript Accepted : Jan 21 2010

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