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June 28, 2018

Libya
Rushing Libya’s Elections Will Lead to Disaster

The following is a guest post by Alexander Decina, research associate for Middle Eastern Studies at the Council on Foreign Relations. For more than two years, the UN-backed Government of National …

HNEC attack

October 10, 2003

United States
Former U.S. Treasury Secretary Robert Rubin Named Vice Chairman of the Council on Foreign Relations

October 10, 2003—The Board of Directors named former U.S. Treasury Secretary Robert E. Rubin, director and chairman of the executive committee of Citigroup, as a vice chairman of the Council. He join…

October 15, 2019

Taiwan
What Does Taiwan’s Hidden Forward Book Mean for Taiwan’s Financial Stability and U.S. Currency Policy?

Taiwan's central bank—and Taiwanese households—have taken on an awful lot of foreign currency risk over the years …

treasury fx intervention taiwan 4

October 9, 2019

Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank

Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…

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October 8, 2019

Taiwan
Could Taiwan’s Commercial Banks Cover the Lifers' Hedging Need? (Part 4)

Who is on the other side of the massive ($250 billion) hedging need of Taiwan's life insurance industry? The local banking system covers at most a quarter of the life insurers hedging need, and forei…

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