Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that while new collective action clauses are a step forward in dealing with sovereign debt crises, countries must work to change old debt that lacks the clauses to the new standard as quickly as possible.
A recent book of essays by top economists suggests that many of the lessons of the 2008 financial crisis were ones that should have been learned long before the meltdown. The problem is that during good times, people forget.
In his discussion of German foreign policy’s supposed drift eastward, Hans Kundnani (“Leaving the West Behind,” January/February 2015) suggests that Germany has resisted imposing sanctions on Russia over its undeclared war with Ukraine—a sign, in his view, that Germany might once again desert the West in a flirtation with Russia.
Over the last hundred years, many experts have fallen prey to fears that the world's oil is dwindling and prices are doomed to rise, yet such predictions have repeatedly proven wrong, writes Blake C. Clayton in a new CFR book. Market Madness: A Century of Oil Panics, Crises, and Crashesoffers important lessons for Washington and Wall Street about energy policy and financial markets. Buy the book »
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that with sovereign debt woes in Greece and Ukraine testing markets and governments, now might be the time for policymakers to rethink the architecture for resolving debt crises.
In her testimony before the House Foreign Affairs Subcommittee on the Western Hemisphere, Shannon O’Neil argues that the United States should make North America a priority and work towards further strengthening economic and energy ties with Canada and Mexico.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
Learn more about CFR’s mission and its work over the past year in the 2014 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »