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August 16, 2023

United States
Does Fitch’s Downgrade of U.S. Debt Really Matter?

The ratings agency’s decision will have no consequences for the U.S. dollar’s global role, but it highlights the country’s darkening fiscal outlook and governance challenges.

A woman walks past a currency exchange office in Moscow.

February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

May 8, 2024

RealEcon
In Economic Security, Trade-Offs Abound

Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.

(L-R) European Council President Charles Michel, Italy's Primer Minister Giorgia Meloni, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, Japan's Prime Minister Fumio Kishida, US President Joe Biden, German Chancellor Olaf Scholz, Britain's Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen pose for the family photo during a visit to the Itsukushima Shrine in Miyajima Island as part of the G7 Leaders' Summit, on May 19, 2023.

June 12, 2024

Latin America
Latin America’s Big Opportunity

Over the last three decades, economic growth in Central Europe, East and Central Asia, Southeast Asia, and Sub-Saharan Africa has outpaced growth in Latin America, where most economies have actually …

An aerial view of the brine pools and processing areas of the Soquimich lithium mine on the Atacama salt flat, the largest lithium deposit currently in production, in the Atacama desert of northern Chile, January 10, 2013.

May 28, 2024

Elections and Voting
Ailing Democracy and Declining Women’s Representation: How They Are Related and What to Do About It

Annual reports on the health of democracy this year reaffirmed an ongoing trend of decline, which has occurred alongside a less heralded but related stalling of women’s political participation. Given…

A woman leaves after casting her vote at a polling station during the sixth phase of the general election, in New Delhi, India, May 25, 2024.

May 28, 2024

Trade
The Man Who Would Help Trump Upend the Global Economy

As a potential U.S. Treasury secretary, Robert Lighthizer has more than trade policy to revolutionize.

U.S. Trade Representative Robert Lighthizer listens during a Senate Finance Committee hearing on President Donald Trump's 2020 Trade Policy Agenda on Capitol Hill in Washington, D.C.

July 28, 2022

Emerging Economies
Debt Distress: Can Emerging Markets Withstand Rising Costs?

Struggling to make ends meet as inflation and interest rates climb, many emerging markets will have to pursue difficult debt restructuring with international creditors.

People block a main road as they wait for gas trucks to arrive in Colombo, Sri Lanka.

November 16, 2023

Argentina
Argentina Election Draws Wider Attention to Embattled Economy

The country’s massive economic problems will be a vexing challenge for whoever becomes president.

People line up in front a butcher shop next to signs showing meat prices.