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Council on Foreign Relations This Month in Geoeconomics
From the Maurice R. Greenberg Center for Geoeconomic Studies

February 2013

The Battle of Bretton Woods

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As World War II drew to a close, representatives from forty-four nations convened in the New Hampshire town of Bretton Woods to design a stable global monetary system. In a new book the Financial Times calls "a triumph of economic and diplomatic history," CFR Director of International Economics Benn Steil tells the story of the intertwining lives and events surrounding that historic conference. Steil's vivid account not only brings to life the titanic battle of egos, ambition, and intrigue that produced the postwar economic order, but it also reveals new details about the lead American negotiator's clandestine communications with Soviet intelligence. Read More About the Book »

 

Taxing, Spending, and Saving

Oil Taxes Could Improve Fiscal Reform

In a new Energy Brief, CFR Senior Fellow Michael A. Levi and CFR Adjunct Energy Fellow Daniel P. Ahn simulate how the addition of a new oil tax as part of a larger U.S. deficit reduction package could both improve economic performance and reduce oil consumption. Read the Energy Brief »

Sunny Budget Picture Clouded by Congress’s Inertia

CFR Adjunct Senior Fellow Peter R. Orszag reports in his Bloomberg View column that the Congressional Budget Office's latest deficit projections reflect good news about slowing health care costs, but he cautions that the outlooks for discretionary spending and unemployment are still gloomy. Read the Column »

Rebalancing the State’s Balance Sheet

In his Project Syndicate column, CFR Distinguished Visiting Fellow A. Michael Spence argues that effective management of the assets side of national balance sheets is critical for promoting market efficiency, innovation, and resiliency. Read the Column »

Currency Wars

Opening the Door to Exchange Rate Intervention?

CFR Senior Fellow Robert Kahn argues in a post on the Macro and Markets blog that, although recent G7 and G20 statements declare their policies on exchange rates to be unchanged, circumstances suggest countries will actually have greater leeway in the future to weaken their currencies when domestic conditions warrant. Read the Blog Post »

How China Learned to Stop Worrying and Love the Dollar

CFR Senior Fellow Benn Steil and CFR Analyst Dinah Walker show in a Geo-Graphics blog post why China, despite its gripes about U.S. management of the dollar, is not eager to push for an alternative global reserve currency. Read the Blog Post »

Thinking Globally

Economics Trumps Everything

CFR Senior Fellow Edward Alden writes in a Renewing America blog post that John Kerry's first speech as Secretary of State underscored his intent to keep the State Department focused on strengthening the U.S. economy through diplomacy. Read the Blog Post »

Big Data, Better Global Health

In an Expert Brief, CFR Senior Fellow Thomas J. Bollyky writes that a comprehensive new study of world health is unlikely to have a dramatic effect on advanced nations' foreign aid policies, but it could help developing countries to improve the efficacy and oversight of their health spending. Read the Expert Brief »

CFR Welcomes Timothy Geithner

Timothy F. Geithner has joined CFR as a distinguished fellow. Geithner, who served most recently as President Obama's Secretary of the Treasury, will be based at CFR's New York headquarters. Read the News Release »

 

 

About CGS

The Maurice R. Greenberg Center for Geoeconomic Studies (CGS)
works to promote a better understanding among policymakers, scholars, journalists, and the public about how economic and political forces interact to influence world affairs.

Michael A. Levi
Director of the Maurice R. Greenberg Center for Geoeconomic Studies

Edward Alden
Bernard L. Schwartz Senior Fellow

Thomas J. Bollyky
Senior Fellow for Global Health, Economics, and Development

Miles Kahler
Senior Fellow for Global Governance

Heidi Crebo-Rediker
Senior Fellow

Jennifer Harris
Senior Fellow

Robert Kahn
Steven A. Tananbaum Senior Fellow for International Economics

Sebastian Mallaby
Paul A. Volcker Senior Fellow for International Economics

Benn Steil
Director of International Economics

Blake Clayton
Adjunct Fellow for Energy

James P. Dougherty
Adjunct Senior Fellow for Business and Foreign Policy

Meghan L. O'Sullivan
Adjunct Senior Fellow

Peter R. Orszag
Adjunct Senior Fellow

Matthew J. Slaughter
Adjunct Senior Fellow for Business and Globalization

A. Michael Spence
Distinguished Visiting Fellow

 

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