This Squam Lake Working Group Paper endorses legislation that would give authorities the necessary powers to effect an orderly resolution of large complex financial institutions. As part of this authority, every such institution should be required to create "living wills" that would help authorities address the difficulties that might arise in a resolution.
Sebastian Mallaby argues against responding to the Madoff scandal with more regulation of hedge funds.
With Wall Street careening from one crisis to the next, financial institutions focus on drawing a line to stanch the bleeding. A broader debate over systemic medicine has also kicked into gear, with talk of major reforms in store for the financial sector.
Opinion is scattered over a complex and ambitious plan by the U.S. Treasury Secretary to overhaul the regulation of financial markets.
CFR’s Benn Steil examines proposals for a regulatory overhaul of the U.S. financial system put forth by Treasury Secretary Henry Paulson.
Scott D. Dyreng, Michelle Hanlon, and Edward L. Maydew say they have developed a measure to investigate the extent to which some firms are able to avoid taxes over periods as long as ten years, and how predictive one-year tax rates are for tax avoidance in the long run.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.
The authors assess the political, security, and economic challenges facing U.S. policymakers in Afghanistan and evaluate a range of policy options.
Special operations play a critical role in how the United States confronts irregular threats, but to have long-term strategic impact, the author argues, numerous shortfalls must be addressed.
This clear and authoritative book presents a sweeping account of China's global resource quest and the unrivaled expansion of its economy. More
The story of the tragic and often tormented relationship between the United States and Pakistan, and a call to prepare for the worst, aim for the best, and avoid past mistakes. More
An authoritative and accessible look at what countries must do to build durable and prosperous democracies—and what the United States and others can do to help. More