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June 1, 2009
U.S. Treasury Secretary Timothy Geithner called for a global rebalancing and sought to reassure China, the largest holder of U.S. debt, about the health of the dollar. Experts say this shift is needed but some Chinese remain skeptical about the U.S. currency.
See more in United States, China, International Finance
May 2009
A compilation of resources on how the global financial crisis has been felt in Western Europe.
See more in Western Europe, Economics
May 2009
A compilation of resources on how the financial crisis has affected the United States.
See more in United States, Economics
May 2009
A compilation of resources on the impact of the global financial crisis on South Asia.
See more in South Asia, India, Pakistan, Economics
May 2009
A compilation of resources on how the global financial crisis has affected Russia.
See more in Russian Fed., Economics
May 2009
A compilation of resources on the impact of the global financial crisis on the Middle East.
See more in Middle East, Economics
May 2009
A compilation of resources on the impact of the global financial crisis on Latin America.
See more in Central America, South America, Economics
May 2009
A compilation of resources on the impact of the global financial crisis on Japan.
May 2009
A compilation of resources on the global financial crisis and international institutions.
See more in Economics, International Organizations
May 2009
A compilation of resources on the impact of the global financial crisis on China.
May 2009
A compilation of resources on the impact of the global financial crisis on Britain.
May 2009
A compilation of resources on the impact of the global financial crisis on Africa.
May 1, 2009
Swine flu has already shaken markets. While the scope of the current outbreak remains unknown, experts say a severe pandemic could drive productivity losses, dampen trade, and lower product demand at a time of preexisting economic frailty.
See more in Mexico, International Finance, Public Health Threats
March 16, 2009
Migrants suffer as countries around the world adopt protectionist measures to respond to the global downturn. This could trigger economic and social instability in poorer countries, while adversely affecting rich economies in the long-term.
See more in Financial Crises, Labor, Immigration, Migration
March 3, 2009
The debate over whether two giant U.S. banks should be "nationalized" has stoked new debate over when, and how, the government should intervene in financial markets.
See more in United States, Financial Crises
February 24, 2009
Barack Obama's address to Congress outlined plans to revive the American economy, restore U.S. leadership abroad, and tackle long-term problems. Economists say Obama will walk a fine line balancing the need for swift action with the risk of expanding U.S. budgetary obligations.
See more in United States, Financial Crises, Presidency
February 16, 2009
The idea of creating green jobs drew great attention as the stimulus package made its way through Congress. Defining those jobs is difficult, however, and economists say many may simply displace existing jobs in the old carbon-based economy.
See more in United States, Labor, Climate Change
January 30, 2009
A downbeat Davos summit brings warnings of trade protectionism into the limelight. Economists say these concerns should be taken into account as leaders of industrialized nations craft economic stimulus plans.
See more in Trade, International Organizations
Updated: January 20, 2009
Barack Obama's inauguration as forty-fourth U.S. president occurs at a time of global economic crisis, with multiple conflicts raging in the greater Middle East. Yet he enters office amid high expectations at home and abroad.
See more in United States, Diplomacy, U.S. Election 2008
Updated: January 27, 2009
Barack Obama says he is serious about sharply reducing carbon emissions. But some experts see the recession, and competing "green" agendas, posing major obstacles to new climate change policy.
See more in United States, Climate Change, Energy
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In Money, Markets, and Sovereignty, the authors present a fascinating intellectual history of monetary nationalism from the ancient world to the present and explore why, in its modern incarnation, it represents the single greatest threat to globalization.
In The Closing of the American Border, Edward Alden goes behind the scenes to tell the story of the Bush administration’s struggle to balance security and openness in the wake of the September 11, 2001, terrorist attacks.
In Termites in the Trading System, Jagdish Bhagwati reveals how the rapid spread of preferential trade agreements endangers the world trading system.
In Regional Monetary Integration, Peter B. Kenen poses an important question: Should various country groups follow the lead of the European Monetary Union and form similar full-fledged monetary unions?
In contrast to conventional wisdom, the growth in government spending and heightened regulation during the Great Depression may have done much to slow economic recovery.
In this report, Benn Steil shows that the financial crisis is the inevitable bust of a classic credit boom, and explains how monetary, taxation, and home ownership promotion policy combined with other feaures of the financial system to fuel an unsustainable buildup in debt. He recommends significant reforms to reverse the debt financing bias and make the system more resilient to falls in asset prices.
In order for policymakers to tackle today’s global economic crisis, this report argues, they must go beyond bailouts and stimulus packages and focus on one of the crisis's root causes: imbalances between savings and investment in major countries.
Copyright 2009 by the Council on Foreign Relations. All Rights Reserved.