CFR's Roger Kubarych says a new plan could boost banks' confidence about reserve requirements, but adds that other problems loom.
See more in United States, Economics
CFR geoeconomic fellow Brad W. Setser explains what’s behind the dollar’s recent decline and says the Federal Reserve shouldn’t use interest rates as a tool to stabilize the exchange rate.
See more in United States, International Finance, Trade
Sebastian Mallaby, director of CFR’s Center for Geoeconomic Studies, says the skewed governing securities ratings agencies is partly to blame for stock market turmoil.
See more in United States, Vatican, Air Transportation Security, International Finance
U.S. Treasury Secretary Henry M. Paulson says he will push for more Chinese flexibility in allowing its currency to appreciate, saying it “doesn’t reflect reality.”
See more in United States, China, Economics
CFR's Roger Kubarych says the plunge in global markets could have a restraining effect on the flow of credit in the U.S., China, and elsewhere.
More Money than God
In More Money than God, Sebastian Mallaby has written the first authoritative history of hedge funds—from their rebel beginnings to their role in defining the future of finance. More
Money, Markets, and Sovereignty
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. More
The Closing of the American Border
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. More
Termites in the Trading System
In Termites in the Trading System, Jagdish Bhagwati reveals how the rapid spread of preferential trade agreements endangers the world trading system. More
Lessons of the Financial Crisis
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 features 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. More
Global Imbalances and the Financial Crisis
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. More
