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.
China's exchange rate policy will dominate the economic dialogue between the United States and China during President Hu's state visit to Washington. There's scant hope differences can be resolved, says CFR's Steven Dunaway.
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
Lawrence H. Summers, director of the National Economic Council, remarks on volitile currency exchage rates, unstable European markets, and the negative effects of financial policy on organic economic growth.
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.
As India's economy continues its strong rebound from the global economic and financial crisis at the same time that the United States faces high unemployment, fears about a double dip recession, and slower growth, the U.S.-India relationship has become increasingly important for policymakers and businesses in both countries. U.S. Secretary of State Hillary Clinton recently noted that the United States is "laying the foundation for an indispensable partnership. President Obama will use his visit in November to take our relationship to the next level." What are the next steps in the U.S.-India economic relationship? How does India's economic progress shape its global outlook? Where are the domestic and international business opportunities in India? Please join Minister Sharma as he shares his views on India's economy and role in global economic issues, including India's free trade agreements; the rising profile of trade in India's growth story; the U.S.-India economic relationship; and expectations for President Obama's visit.
Benn Steil's September column in Dow Jones' Financial News argues that the "Volcker Rule" will not make insured deposits safer or crises less likely, as traditional bank lending creates riskier maturity mismatches than securities trading.
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.