Michael Schuman expands the current state of the US debt crisis and suggests what it could mean for the rest of the world.

Economist A. Michael Spence says emerging market growth is going to produce a boom in investment, which in turn may lead to higher interest rates globally, and a tendency to intervene in international capital flows. Spence spoke to Robert Rubin, Former Treasury Secretary and Co-Chairman of the Council on Foreign Relations, at CFR's 2011 Corporate Conference.

Sebastian Mallaby criticizes the IMF for endorsing capital controls.

Masaaki Shirakawa, governor of the Bank of Japan, discusses the effects the March earthquake, tsunami, and events surrounding the Fukushima Daiichi nuclear power plant had on the Japanese economy, as well as the resilience and adaptability of the Japanese people.

Masaaki Shirakawa, governor of the Bank of Japan, discusses the effects the March earthquake, tsunami, and events surrounding the Fukushima Daiichi nuclear power plant had on the Japanese economy, as well as the resilience and adaptability of the Japanese people.

Masaaki Shirakawa, governor of the Bank of Japan, discusses the effects the March earthquake, tsunami, and events surrounding the Fukushima Daiichi nuclear power plant had on the Japanese economy, as well as the resilience and adaptability of the Japanese people.

This meeting was part of the C. Peter McColough Series on International Economics.

In the latest Capital Flows Comment, Francis E. Warnock challenges the assumptions underlying the new consensus in favor of capital controls.

Lael Brainard, undersecretary for international affairs at the U.S. Department of Treasury, outlines the discussion between President Obama and President Hu Jintao, as well as the effect of the financial regulatory reform on the international agenda at the treasury for the upcoming year.

This meeting was part of the C. Peter McColough Series on International Economics.

Lael Brainard, undersecretary for international affairs at the U.S. Department of Treasury, outlines the discussion between President Obama and President Hu Jintao, as well as the effect of the financial regulatory reform on the international agenda at the treasury for the upcoming year.

This meeting was part of the C. Peter McColough Series on International Economics.

Lael Brainard, the undersecretary for international affairs, U.S. Department of the Treasury, discusses the economic agenda for Chinese President Hu Jintao's visit and the future role of the G-20 in the international economic arena.

Listen to CFR experts Elizabeth C. Economy, Steven Dunaway, and John Pomfret discuss President Barack Obama and Chinese president Hu Jintao's meeting in Washington on January 18.

The recent bursting of the global credit bubble followed three decades in which capital became progressively cheaper and more easily available. Many people have come to believe that low interest rates now are the norm. However, the McKinsey Global Institute's analysis suggests that this low-interest rate environment is likely to end in the coming year

On Law.com, Sue Reisinger reports that financial companies are restricting funding to WikiLeaks following its founder Julian Assange's arrest.

Benn Steil's lecture delivered at his acceptance of the Manhattan Institute's 2010 Hayek Prize, which he shared with his Money, Markets, and Sovereignty co-author Manuel Hinds.

Wilson Quarterly's Douglas J. Besharov and Douglas M. Call describe the critical situation of national deficits in the wake of the financial crisis and provide a "menu" of options to Congress for addressing the projected U.S. debt of $123 trillion in 2050.

At a time when more and more nations are resorting to capital controls and currency intervention, India shows there is another way. Sebastian Mallaby discusses India's intriguing refusal to become a currency warrior.

Do China's policies pose a threat to trading partners and the global economy or is that exaggerated? Morgan Stanley's Stephen Roach and the Peterson Institute's Gary Hufbauer discuss.

However cogent the case for reining in financial globalisation, sheer momentum will carry it forward, writes Sebastian Mallaby.

This second installment of the Capital Flows Quarterly series investigates two factors that could substantially alter the long-run value of the U.S. dollar: the dollar's reserve status and the sustainability of U.S. international debt.

Sebastian Mallaby says that high frequency trading has benefited savers by reducing transaction costs.