Courtesy ReutersIn a new Policy Innovation Memo, CFR's Benn Steil argues that the "Volcker rule" ban on bank proprietary trading won't prevent financial crises, and that the troubled effort to implement it should be abandoned in favor of controls on bank leverage.
In the latest Capital Flows Comment, Francis E. Warnock challenges the assumptions underlying the new consensus in favor of capital...
This Working Paper analyzes trends in the American economy's performance over the past two decades; in particular, it examines changes...
Highs and volatile energy prices have driven the regulation of commodity financial markets to the forefront of the U.S. and G20 policy...
Treasury’s John Kitchen and Former CEA Economist Menzie Chinn on Financing America’s Debt
In the most recent issue of
International Finance, edited by CFR's Benn Steil, John Kitchen and Menzie Chinn argue that unprecedented levels and growth of foreign official Treasury holdings will be required to keep longer-term U.S. interest rates from rising well above consensus projections.
