• Study Group on Financial Statecraft: The Role of Financial Markets in American Foreign Policy

  Chair:	Jeffrey R. Shafer
  Staff:	Benn Steil, Senior Fellow and Director of International Economics

  January 1, 2003 - September 1, 2004

  Financial markets, institutions, and instruments are playing an increasing role in American foreign policy, both as servants of traditional foreign policy aims, such as national security, and as objects, in their own right, of foreign trade and market access negotiations. Tensions and contradictions abound in this formulation, and are apparent in fierce policy debates over the merits of IMF bailouts, dollarization, financial sanctions, and market access restrictions. The project director is writing a book that examines the growing role of finance in foreign policy, why it is important, where its effects are misunderstood, and how institutional reforms can help in managing incompatible goals. Sessions of this study group will provide feedback on draft chapters.

  
  

   

  Meetings

  Financial Statecraft: Session Three

  Study Group Meeting

  
  September 28, 2004

  Related Project: Study Group on Financial Statecraft: The Role of Financial Markets in American Foreign Policy

  Speaker:	Benn Steil, Senior Fellow and Director of International Economics, Council on Foreign Relations
  Chair:	Jeffrey R. Shafer, Vice Chairman, Public Sector Client Group, Citigroup Global Markets

   

  Financial Statecraft: Session Two

  Study Group Meeting

  
  January 26, 2004

  Related Project: Study Group on Financial Statecraft: The Role of Financial Markets in American Foreign Policy

  Speaker:	Benn Steil, Senior Fellow and Director of International Economics, Council on Foreign Relations
  Chair:	John P. Lipsky, J.P. Morgan Chase & Co.

   

  Financial Statecraft: Session One

  Study Group Meeting

  
  July 10, 2003

  Related Project: Study Group on Financial Statecraft: The Role of Financial Markets in American Foreign Policy

  Speaker:	Benn Steil, Senior Fellow and Director of International Economics, Council on Foreign Relations
  Chair:	Jeffrey R. Shafer, Vice Chairman, Public Sector Client Group, Citigroup Global Markets

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• New CFR Books

  

  In Termites in the Trading System, Jagdish Bhagwati reveals how the rapid spread of preferential trade agreements endangers the world trading system.

  

  America Between the Wars explores how the decisions and debates of the years between the fall of the Berlin Wall and the collapse of the Twin Towers shaped the events, arguments, and politics of the world we live in today.

  

  In The Fall and Rise of the Islamic State, Noah Feldman tells the story behind the increasingly popular call for the establishment of the sharia—the law of the traditional Islamic state—in the modern Muslim world.

  Complete list of CFR Books.

  New Council Special Reports

  Sovereign Wealth and Sovereign Power

  In this report, CFR Fellow Brad W. Setser recommends addressing the U.S. current account deficit in order to strengthen the United States’ position abroad.

  Securing Pakistan's Tribal Belt

  This report, written by CFR Senior Fellow Daniel Markey, outlines the nature of the challenges in Pakistan's tribal areas, formulates strategies for addressing those challenges, and distills the strategies into realistic policy proposals worthy of consideration by the incoming administration.

  Complete list of Council Special Reports.

  David Rockefeller Studies Program Contacts

  For more information on the David Rockefeller Studies Program, contact:

  Gary Samore
  Vice President, Director of Studies, and Maurice R. Greenberg Chair
  +1.212.434.9627
  gsamore@cfr.org

  Sebastian Mallaby
  Director of the Maurice R. Greenberg Center for Geoeconomic Studies, Deputy Director of Studies, and Paul A. Volcker Senior Fellow for International Economics
  smallaby@cfr.org

  Janine Hill
  Deputy Director of Studies Administration
  +1.212.434.9753
  jhill@cfr.org

   

  The Think Tank

  The David Rockefeller Studies Program

  The David Rockefeller Studies Program is CFR’s “think tank.” Its work is integral to achieving CFR’s goal of contributing to the foreign policy debate. Fellows in the Studies Program do this by researching, writing, and commenting on the most important challenges facing the United States and the world.

  • Experts
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