Category FAQs Search : Natural Resources

Question: Corruption and banking soundness: does natural resource dependency matter?

Answer: Findings – The results show that nations with a higher level of corruption have poorer banking soundness.
The authors also find that by considering the resource curse theory and the effect of natural resource rents in
the model, the adverse impact of corruption on banking soundness is more substantial in countries with a
higher natural dependency level (rich in natural resources).

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(Source: Emerald Insight, 24 Jun 2022)

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