Economics

Event

'The Curse of Cash'

Speaker: Kenneth S. Rogoff
Presider: Matthew Bishop

Kenneth Rogoff discusses the 'Curse of Cash,' his new book about phasing out most paper money to fight crime and tax evasion—and to battle financial crises by tapping the power of negative interest rates.

See more in Global; Monetary Policy; Transnational Crime

Book

The Fix

Author: Jonathan Tepperman

A provocative look at the world's most difficult, seemingly ineradicable problems—and the surprising stories of the countries that solved them.

See more in Global; Economics

News Release

U.S. Should Sharpen Strategy and Enlist China to Counter Threat from North Korea, Says CFR Task Force

A new Council on Foreign Relations (CFR) Independent Task Force report, A Sharper Choice on North Korea: Engaging China for a Stable Northeast Asia, finds that the United States’ policy of “strategic patience” with North Korea will neither halt that country’s recurring and dangerous cycle of provocation nor ensure the stability of Northeast Asia in the future. To the contrary, the Task Force warns, “If allowed to continue, current trends will predictably, progressively, and gravely threaten U.S. national security interests and those of its allies.” 

See more in North Korea; Nonproliferation, Arms Control, and Disarmament; Sanctions

Other Report

Global Economics Monthly September 2016

Author: Robert Kahn

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that at the Group of Twenty (G20) Summit in Hangzhou, China, leaders called for governments to do more to support growth, but offered little in the way of new measures. Quietly, and away from the G20 spotlight, fiscal policy is becoming more expansionary, but current policies are unlikely to provide a meaningful boost to growth or soothe rising populist pressures.

See more in Global; Economics

Foreign Affairs Article

America’s Brewing Debt Crisis

Author: Robert E. Litan

“Although short-term debt poses one of the greatest threats to the financial stability of the United States, Dodd-Frank has done little to mitigate it. Fortunately, several experts have proposed ambitious ways of dealing with the problem, including expanding federal insurance of bank deposits, allowing the Federal Reserve to lend money to more firms in the case of a panic, and banning unregulated financial institutions from issuing runnable liabilities,” writes Robert E. Litan.

See more in United States; Budget, Debt, and Deficits