The last decade several democracies throughout the world have been disrupted. On numerous occasions the incumbent leader has taken undemocratic measures, making the democracy shift from a democracy toward a hybrid regime. ...

Economic voting is a well-established mechanism in which people make their voting decisions primarily on economic conditions such as household income or a nation’s economic environment. Despite the long history and the ...

This thesis examines the implications of a Central Bank Digital Currency (CBDC) narrowing the traditional banking system. The traditional banking system gets narrowed when commercial banks main source of funding (retail ...

This thesis uses the model in Hendrickson, Hogan, and Luther (2016) as a basis for an extended trading model that includes hackers. In addition, it shows how two measures - a government tax and private security - can help ...

This paper examines the effects of four determinants of innovation (profit, export, foreign-ownership and inter-firm cooperation) on small and medium-sized firms (SMEs) in South Korea. It also discusses the different ...

Since Bitcoin gained attention of the public and media, its prices have fluctuated enormously. Literature is inconclusive about Bitcoins characteristics regarding value determinants, causes of volatility and market efficiency. ...

The sudden rise of cryptocurrencies like Bitcoin and the plan by Facebook's Libra Association to introduce a global private cryptocurrency have triggered central banks to introduce a digital version of their fiat currency. ...

High inflation stagnates economic performance in politically unstable countries. In this study we look into causal mechanisms affecting the commitment of governments to long-run inflationary policies. In specific, we are ...

A Theory of Political Transitions’ by Acemoglu and Robinson (2001) is an important paper in the democratization literature. Revolutions play a major role in the democratization of a country in the model presented in that ...

This thesis looks into the consequences for monetary policy when traditional currency is (partly) replaced by e-currency. Both the consequences of a significant important private e-currency, such as Bitcoin, and a government ...