Beyond the Hype: Distributed Ledger Technology in the Field of Public Administration

Following the increasing attention the topic received over the last years, this paper is looking at the use of distributed ledger technology (DLT) in public administration and, in particular at its most prominent example: Blockchain technology. While offering a gentle introduction to the topic, the paper establishes an overview of the attributes and potential use […]

Financial Liberalization and Institutional Development

This study empirically analyzes the effects of de jure financial openness on institutional quality as captured by indicators on investment risk, corruption level, impartiality of judiciary system, and the effectiveness of bureaucracy. We show that a higher degree of financial openness improves institutional quality mainly by reducing investment risks. We also study the effect of […]

Corruption: A Modern Day Hydra. Understanding the monster through the eyes of the people.

The present paper considers corruption to be a deeply complex phenomenon that should be broken down to its essential components in order to develop a deeper understanding of it. Therefore, in this study, corruption shall be broken down into three categories which are namely judicial, bureaucratic and political corruption. These three forms of corruption are […]