This research is a quantitative study which aims to examine the level of corruption in the Indonesian local government with its influencing determinants, namely fiscal decentralization, government internal audit, and law enforcement and natural resources as moderating variables. The population...

We examine the question of whether it is possible to create a decentralized and capital-efficient stablecoin using smart contracts that algorithmically trade to maintain stability. We explore what new functionality decentralized stablecoins offer and address several outstanding conjectures in...

Financial inclusion is seen as a dynamic tool for achieving multifaceted macroeconomic stability, inclusive and sustainable economic growth, job creation, poverty reduction, and income equality for both developed and developing nations. To achieve this inclusion the needy segments of population...

Purpose Single-party regimes increasingly use Subnational Performance Assessments (SPAs) - rankings of provinces and districts0 - to improve governance outcomes. SPAs assemble and publicize information on local government performance to facilitate monitoring and generate competition among...

Newly formed territorial communities acquire a real subjectivity in the processes of the management of territorial development: they become responsible for a significant share of day-to-day economic activities within their sphere of responsibility, especially in territories with a predominantly...

We re-examine the state sector and its role in the Chinese economy by using the information on the ownership networks of 40 million firms for 1990-2017. We propose a new measure of state-owned enterprises (SOEs) and partial SOEs based on the firm-to-firm equity investment relationships. Our...

Although blockchain technology and cryptocurrencies have grown in popularity over the past years, there does not seem to be a consensus if they bring any value to economic interactions. In this paper, I argue that a fundamental value the blockchain provides is commitment. I develop a model of an...

We study blockchain-based decentralized governance of a platform where users contribute to the platform's output and incur differential costs that depend on the type of platform's technology. The objective of the platform's founder is to maximize the platform's total output by devising...

Although blockchain technology and cryptocurrencies have grown in popularity over the past years, there does not seem to be a consensus if they bring any value to economic interactions. In this paper, I argue that a fundamental value the blockchain provides is commitment. I develop a model of an...