147 Results for:

March 10, 2009

Monetary Policy
Monetary Nationalism Will Worsen Economic Crisis, Warns New Book by Benn Steil and Manuel Hinds

As a global economic crisis unfolds, a new book by CFR director of international economics Benn Steil and former Salvadoran finance minister Manuel Hinds warns that the incompatibility of globalizati…

October 13, 2006

Financial Markets
Playing Monopoly with the Devil: Developing World Needs to Adopt the Dollar as its Currency

Replacing domestic currencies with an international one is the best way for developing countries to create a financially stable environment and integrate into the ever-globalizing world economy, argu…

October 10, 2006

Development
Playing Monopoly with the Devil

Read an excerpt of Playing Monopoly with the Devil. Why should a developing country surrender its power to create money by adopting an international currency as its own? This comprehensive book ex…

March 31, 2009

Financial Markets
Money, Markets, and Sovereignty

A fascinating intellectual history of monetary nationalism from the ancient world to the present exploring why, in its modern incarnation, it represents the single greatest threat to globalization.

May 30, 2017

U.S. Foreign Policy
Manuel Noriega, 1934-2017

Manuel Noriega died over the weekend, and therein lie many tales. The ancient Latin bromide de mortuis nihil nisi bonum must be stretched to discuss Noriega, who until his capture and jailing by t…

July 30, 2018

Mexico
Mexico's President-elect Andres Manuel Lopez Obrador holds a news conference to announce Marcelo Ebrard as foreign minister, in Mexico City, Mexico July 5, 2018. The Coming U.S.-Mexico Blow-Up

On the eve of Mexico’s election, even before the National Electoral Institute called the results, President Donald Trump tweeted congratulations to the presumptive victor Andres Manuel Lopez Obrador…

July 23, 2018

Trade
International Monetary Fund (IMF) Managing Director Christine Lagarde and Argentina's Treasury Minister Nicolas Dujovne attend a news conference in Buenos Aires, Argentina, July 21, 2018. Latin America Looks Past the U.S. on Trade

This weekend a beleaguered Argentina hosted the G-20 finance ministers to work out the agenda for their leaders’ December conclave in Buenos Aires. While officially focused on infrastructure and the …

July 9, 2018

Mexico
Central American migrants disembark from a freight train as they walk on a railway track after stopping the train on a rail line, in Irapuato, Guanajuato state, Mexico April 15, 2018. Mexico’s Next Crisis Will Arrive From the South

Central American migration may prove the new administration’s biggest first challenge. Since 2014, hundreds of thousands of Central American men, women, and children, mostly from Guatemala, Honduras, and El Salvador, have fled their homes. Driven by violence, extortion, poverty, and a drought that has decimated subsistence farming, and pulled by family connections and the hope of safe haven, they mostly head north.

June 27, 2018

Mexico
Alan Ortega/Reuters Is Political Change Coming to Mexico?

Andres Manuel Lopez Obrador will likely become Mexico’s next president at a time of mounting concern over corruption and violence, but his reform plans are hazy.

July 2, 2018

Mexico
Presidential candidate Andres Manuel Lopez Obrador gestures as he addresses supporters after polls closed in the presidential election, in Mexico City, Mexico July 2, 2018. López Obrador and the Future of Mexican Democracy

Yesterday, Andrés Manuel López Obrador, best known by his initials, AMLO, won Mexico’s presidential election decisively. After 18 years on the campaign trail, including two previous failed presidential runs, thousands of rallies, and, by his count, a visit to every one of Mexico’s 2,400 municipalities, the Tabasco-born politician received the support of 53 percent of voters at the polls, according to an offical rapid count by electoral authorities. Meanwhile, the National Regeneration Movement (MORENA), López Obrador’s four-year-old political party, gained a majority in congress, and a majority of the nine governorships up for grabs.