Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that China’s request to include its currency, the renminbi (RMB), in an International Monetary Fund (IMF) currency basket, known as special drawing right (SDR), is political as much as economic in intent and effect. The inclusion would signal a milestone in China’s transition to a less-regulated economy.
In his testimony before the Senate Committee on Foreign Relations' Subcommittee on Europe and Regional Security Cooperation, Robert Kahn argues that although Greece's direct trade and financial links to the U.S. economy are small and there is less of a direct systemic threat to the United States than when the crisis began in 2009, the risks are still material.
Kenneth S. Rogoff, a Harvard University professor and former chief economist at the International Monetary Fund, will contribute his expertise to the Council on Foreign Relations as a senior fellow for economics in the Maurice R. Greenberg Center for Geoeconomic Studies. He will continue to be the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University.
The Iran nuclear deal and subsequent UN Security Council resolution do little to bind the United States legally, though policymakers would face political pressure against reinstating sanctions, says CFR's John Bellinger.
Elizabeth C. Economy and Michael Levi explore how Chinese demand drive global commodity prices, the broader implications of the Chinese slowdown for the global economy and regional security, and consequences of China’s resource quest for the world’s resource-producing states and industries.
Council on Foreign Relations Senior Fellow Robert Kahnbreaks down the deal and explains what it means for the future of Greece and the European Union. Greece reached an agreement with European creditors that would impose harsh austerity measures in return for a financial bailout.
Leaders of euro member states held a special Euro Summit on Greece. On July 12, 2015, the leaders "agreed in principle that they are ready to start negotiations on an ESM [European Stability Mechanism] financial assistance programme for Greece."
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that if Greece exits the eurozone, introducing a new currency could occur quickly; getting broader economic policies right is the more difficult challenge facing the country.
Can Western governments learn anything from the Greek fiasco that will produce a better result in Ukraine? There are countless differences between the two situations, but one big similarity should worry us: In both countries an economic crisis has begotten a political crisis, and the two have begun to feed on each other.
As election season approaches, and global crises in Greece and elsewhere intensify, U.S. foreign policy is in a state of drift that puts the United States at the risk of falling behind its rivals, says Eurasia Group President Ian Bremmer.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
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.
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