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Sandra Mortal

Author

The Costly Business Of Corruption
2 years ago

The Costly Business Of Corruption

By  •  Municipal Bonds

State corruption and political connections impede financial and economic development by increasing investment risk and bond interest payments and reducing access to high quality financial institutions. Specialized financial institutions allow issuers to purchase credit enhancements to remove corruption-induced risk from bond yields. Credit enhancements play an important role in alleviating the economic damage that corruption can cause.

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