Decentralisation in the Maldives was first attempted in the Maldives in the 1990s and later enshrined in the Constitution of the Maldives in 2008. However for various reasons decentralisation has not been successful. This paper argues that political will and genuine commitment from the people...

The heterogenous nature of the Nigerian society underscores the emergence of pluralistic legal and land administration system. An evaluation of the historical synopsis of the Nigerian land administration system and reforms reveal the inevitability of statutory recognition of these practical...

In this article, updated approach to assess the impact of fiscal decentralization on economic development is offered. The relationship between the proper level of fiscal decentralization and economic growth for 27 advanced and emerging economies in Europe from 1992 to 2017 was evaluated using...

Blockchain technology can reduce transaction costs, facilitate decentralized platforms, and produce distributed trust, creating a foundation for new business models. In the financial industry, blockchain technology allows for the rise of decentralized financial services that may be more...

This introduction to decentralization examines decentralization's past, present, and future. By tracing the history of past and existing decentralized systems and by examining emerging decentralized technology solutions, the author highlights the trends that lead to higher levels of...

Increasingly, decentralization has proven to be a policy fix selected by developing countries whose new governments represent a significant regime change. This analysis adds to the literature on decentralization by identifying the extent to which factors that lead to divergent policy preferences...

Out of necessity, humans have engaged in centralized thinking since the emergence of tribal societies and throughout urbanization and the industrial revolution. Emerging decentralized technology transcends traditional economic notions of capitalism versus socialism and inaugurates new forms of...

Classic models of fire-sales that emphasize liquidity-constrained natural buyers can-notfully account for the asset fire-sales during the Financial Crisis of 2008. I present a modelto demonstrate that fire-sales may happen even when there is a sizable pool of naturalbuyers and in the absence of...

Insurance products can be optimized with emerging decentralized technology. We propose the use of cryptocurrencies as claims on future cash flows of an underwriting business operated by a Decentralized Autonomous Organization (DAO). The design of our DAO allows for decentralized collaboration...

In assessing the desirability for tax decentralization reforms, a dilemma between efficiency and redistribution emerges. By limiting the ability of the central government to redistribute resources towards regions in financial needs, decentralization curbs incentives for excessive subnational...