A remarkably deft work of storytelling that reveals how the blueprint for the postwar economic order was actually drawn.

A fascinating intellectual history of monetary nationalism from the ancient world to the present exploring why, in its modern incarnation, it represents the single greatest threat to globalization.

Over the past two decades, another form of economic exchange besides imports and exports has risen to a level of vastly greater significance and political concern: the purchase and sale of financial assets across borders.

CFR’s Benn Steil examines proposals for a regulatory overhaul of the U.S. financial system put forth by Treasury Secretary Henry Paulson.

In this Wall Street Journal op-ed, Benn Steil argues that Calpers, the California Public Employees' Retirement System, is best viewed as a highly political "sovereign wealth fund." Governed by state political figures and union representatives, Calpers' investment decisions are frequently guided by foreign policy and social agendas rather than fundholder interests.

In this Financial Times op-ed, Manuel Hinds and Benn Steil argue that the Fed's loose monetary policy could jeopardize the dollar's position as the international standard of value.