This study examines currency competition between the Dollar and Bitcoin, focusing on
monetary policy. Using theory and lab experiments, we show that proportional transfers
(interest on Dollar balances) operate in two regimes....

I present a political-economic theory to explain bailouts for failing firms in the
presence of non-voters (foreigners). The governing politician uses the bailout as
a tool to sway...

Policy makers have developed different forms of policy intervention for stopping,
or preventing runs on financial firms. This paper provides a general framework to
characterize the types of...