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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 »
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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 »
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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.
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