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May 8, 2024

RealEcon
In Economic Security, Trade-Offs Abound

Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.

(L-R) European Council President Charles Michel, Italy's Primer Minister Giorgia Meloni, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, Japan's Prime Minister Fumio Kishida, US President Joe Biden, German Chancellor Olaf Scholz, Britain's Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen pose for the family photo during a visit to the Itsukushima Shrine in Miyajima Island as part of the G7 Leaders' Summit, on May 19, 2023.

March 10, 2009

Monetary Policy
Monetary Nationalism Will Worsen Economic Crisis, Warns New Book by Benn Steil and Manuel Hinds

As a global economic crisis unfolds, a new book by CFR director of international economics Benn Steil and former Salvadoran finance minister Manuel Hinds warns that the incompatibility of globalizati…

February 2, 2024

Political History and Theory
The President’s Inbox Recap: Henry Wallace and the Origins of the Cold War

The post-World War II era would have looked very different had Henry Wallace become president.

Henry Wallace as viewed sitting at a desk holding a stack of papers.

July 12, 2023

United States
Two Takes on U.S. Debt and the Debt Ceiling

Economists Benn Steil and Glenn Hubbard give their respective takes on the debt ceiling and the United States' national debt.

U.S. President Joe Biden holds debt limit talks with House Speaker McCarthy at the White House in Washington.

February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

October 11, 2023

Morocco
Virtual Media Briefing: The World Bank and IMF 2023 Annual Meetings

CFR experts discuss the 2023 Annual Meetings of the World Bank Group and the International Monetary Fund, taking place this week in Marrakech, Morocco. GOODMAN: My name is Matthew Goodman. I recen…

Play U.S. Treasury Secretary Janet Yellen and Morocco Finance Minister Nadia Fettah Alaoui