Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises

By Shang-jin Wei, Yi Wu. 2001

263 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/9fe28d541d8c06ed7c513946da7da665847cc208

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Citations in the corpus

Foreign Direct Investment, Financial Development and Political Risks (2010, unknown): “There have been several cross-country studies based on international data regarding the impact of policy-related variables like intellectual property protection, corruption and institutional uncertainty on FDI inflows (Lee and Mansfield, 1996; Brunetti and Weder, 1998; Wei, 2000).”
Cross-Border Bank Mergers: What Lures the Rare Animal? (2004, unknown): “Vander Vennet (1998), for instance, is interested in the characteristics of banks that have been involved in mergers (either as acquirers or as targets) in comparison to those not having been involved.”
Capital Flows in a Globalized World: The Role of Policies and Institutions (2005, unknown): “Wei (2000) and Wei and Wu (2001) use data on bilateral FDI from 18 industrialized 1See Prasad, Rogoff, Wei and Kose (2003) for an extensive review.”
Effects of Financial Globalization on Developing Countries: Some Empirical Evidence (2003, methodology): “Source: IMF staff calculations based on Wei and Wu (2002b).”
The distance puzzle: on the interpretation of the distance coefficient in gravity equations (2004, background): “…dummy, covariances between GDP growth rates –0.54 (1989) and – 0.71 (1996) for equity flows –0.23 for foreign trade if information variables included Wei (2000) fixed and random effects panel regressions FDI from 13 source to 30 host countries, bank lending from 13 lending to 83 borrowing…”
Financial Globalization and Economic Policies (2009, unknown): “…a crisis), and the currency denomination of external debt (the greater the share of foreign currency debt, the more likely a crisis).35 Wei (2001) and Wei and Wu (2002) suggest that countries with better public institutions are more likely to attract more direct investment relative to bank loans.”
Distance and International Banking (2005, unknown): “In fact, most empirical papers find a negative link between international asset holdings or international capital flows and distance (Portes and Rey 1999, Portes et al. 2001, Wei and Wu 2001).”
Institutions, Foreign Direct Investment, and Domestic Investment: Crowding Out or Crowding In? (2016, background): “, 2011), and the onset of financial crisis (Wei and Wu, 2002; Johnson, 2009; Mishkin, 1996; Reinhart and Rogoff, 2009), the impact of rent seeking behaviour on investment has not been extensively explored using cross-country analysis.”