George Soros explains the events that led to the recent bond purchase announcement by the European Central Bank solidifying its commitment to do whatever it takes to save the euro, and discusses the larger political implications this decision will have for the future of the European Union.
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.
Ongoing investigations into Barclays' fraudulent Libor submissions highlights critical lessons about conflicts of interest, pressures on regulators, and banks that are too big to fail, says CFR's Sebastian Mallaby.
The Trans-Pacific Partnership, a massive multilateral trade agreement now in the works that focuses on the Asia-Pacific region, could add billions of dollars to the U.S. economy and solidify Washington's commitment to the Pacific. But if the Obama administration fails to calm critics of the deal, there is a growing possibility that it could collapse.
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.
Peter Orszag calls for a "combo deal" of upfront stimulus and long-term deficit reduction because it would be less risky, offer more growth, and be more likely to be enacted than a stimulus-only approach.
Charles A. Kupchan argues that though it is not too late to save the euro, it is growing too late to save the E.U, as restoring confidence in Europe's integration will prove both more decisive and more elusive.
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.