Rent seeking and corruption in financial markets

Asim Ijaz Khwaja, Atif Mian

Research output: Contribution to journalReview article

20 Scopus citations

Abstract

We describe recent advances in the study of rent seeking and corruption in financial markets. We outline three areas of inquiry: (a) conceptualizing rent seeking, (b) identifying rent-provision channels and their general equilibrium impact, and (c) designing feasible remedial mechanisms. We provide suggestions for making further progress in these areas and review a variety of approaches taken in the recent literature.

Original languageEnglish (US)
Pages (from-to)579-600
Number of pages22
JournalAnnual Review of Economics
Volume3
DOIs
StatePublished - Aug 22 2011
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Keywords

  • Agency issues
  • Financial market design and regulation

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