Benn Steil's column in Dow Jones' Financial News, co-authored with Dinah Walker, provides new evidence highlighting the endemic flaws in LIBOR as both a benchmark for setting market lending rates and a central-bank metric for judging policy effectiveness.
Sebastian Mallaby examines the Spanish experience with countercyclical capital buffers to argue that even the most innovative banking regulations will never take taxpayers completely off the hook when banks go bust.
As the global financial sector has swelled, the gap between the rich and the poor has grown. Three new books -- by James Galbraith, Robert Shiller, and Charles Ferguson -- come down differently on how much banks are to blame for inequality and what the government should do about it.
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.
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.
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.
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 »