@article{114, author = {Asim Khwaja and Atif Mian}, title = {Rent Seeking and Corruption in Financial Markets}, 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.}, year = {2011}, journal = {Annual Review of Economics}, volume = {3}, pages = {579-600.}, }