Webinar

The Dollar in American Foreign Policy: A Look Back and Ahead

Tuesday, June 29, 2021
Ian Waldie/Getty Images
Speaker
Jeffrey E. Garten

Dean Emeritus, Yale School of Management

Presider
Benn Steil

Senior Fellow and Director of International Economics, Council on Foreign Relations

Greenberg Center for Geoeconomic Studies

Jeffrey E. Garten, dean emeritus at the Yale School of Management and a former undersecretary of commerce for international trade, is the author of the forthcoming book, Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy. Garten discusses the historical consequences of the Nixon administration’s decision fifty years ago to sever the dollar from its gold backing and the challenges the fiat dollar faces now and going forward.

Explore More on Currency Reserves

Trade

The Truth About Tariffs
Tariffs have been applied over the years to protect homegrown industries and target competitors who are seen as using unfair trade practices. They impose costs on both importers and exporters and had been in decline until the recent U.S.-China trade spat.

Backgrounder by Andrew Chatzky and Anshu Siripurapu October 8, 2021 Renewing America

Asia

Asia Still Lags When It Comes to FX Market Transparency...
Quarterly disclosure with a quarter lag doesn't add much to the numbers already provided in the balance of payments (especially if it isn't clear what is being disclosed). Semi-annual disclosure provides less information than what's already available in the balance of payments.

Blog Post by Brad W. Setser December 3, 2019 Follow the Money

Taiwan

Looking for the Mysterious Hedging Counterparty of Taiwan's Lifers
This gathers the six post series I did with Concentrated Ambiguity into a single easy accessible post.

Blog Post by Brad W. Setser October 29, 2019 Follow the Money

Top Stories on CFR

United States

The SVB Collapse Shows U.S. Vulnerabilities Amid Great Power Competition
The collapse of SVB is a reminder that the fastest way for the United States to cede ground in the present era of great power competition is to debase its financial system and relinquish its global financial leadership position.

Blog Post by Zongyuan Zoe Liu March 16, 2023 Renewing America

Cybersecurity

Russia’s War Against Ukraine is Catalyzing Internet Fragmentation
After its invasion of Ukraine, concerns flared over a decoupling of Russia from the global internet. This has not materialized, but we may be witnessing the start of a more fundamental fragmentation of the global internet.

Blog Post by Christoph Meinel and David Hagebölling March 13, 2023 Net Politics

Mexico

Mexico’s Democratic Backsliding, With Shannon K. O’Neil

Podcast
Shannon K. O’Neil, vice president, deputy director of Studies, and Nelson and David Rockefeller senior fellow for Latin America Studies at CFR, sits down with James M. Lindsay to discuss Mexico’s new electoral law and other developments that may be eroding the country’s democratic governance.

Podcast with James M. Lindsay, Shannon K. O'Neil, Ester Fang and Gabrielle Sierra March 14, 2023 The President’s Inbox