How does convenience yield interact with sovereign risk and the supply of government bonds? We propose a model of sovereign debt and default in which convenience yield arises because investors are able to pledge government bonds as collateral on financial markets. Convenience yield is dependent...

Governments across the Global South have begun introducing biometric IDs (eIDs) in an attempt to improve citizen-state legibility. While such initiatives can improve government efficiency, they also raise important questions about citizen privacy, especially for groups with a history of mistrust...