Overview Internationalization was a spontaneous outcome of the marketplace for the rest of the world’s major currencies, but China is breaking with history by making it official policy to steer th…

Overview Financial crises in the 1930s and 1970s showed the world that economic instability results when demand for international liquidity allows a small number of countries to run up massive deb…

Overview The dollar's status as the world's reserve currency has become a facet of U.S. power, allowing the United States to borrow effortlessly and sustain an assertive foreign policy. But the ca…

For CFR’s annual Preventive Priorities Survey, U.S. foreign policy experts assessed the likelihood and impact of thirty potential conflicts that could emerge or escalate in 2024.

Overview Many people argue that inappropriate compensation policies in financial companies contributed to the global financial crisis. Some say the overall level of pay was too high. Others critic…