The U.S. Federal Reserve's monetary stimulus efforts have an undesirable side effect that needs to be managed with great care: the Fed has amassed a huge stock of mortgage-backed securities (MBS) tha…

See CFR Senior Fellow and Renewing America Director Edward Alden's accompanying blog post here. The promotion of foreign language instruction should be a national priority. In an increasingly comp…

Abundant reserves of minerals and petroleum often precipitate a resource curse in countries with weak governance institutions: fostering political corruption, eroding democratic accountability, incit…

See CFR Senior Fellow and Renewing America Director Edward Alden's accompanying blog post here. Download the Chinese translation of this report [PDF]. Introduction China recently became the …

The European Stability Mechanism's (ESM) bank recapitalization instrument was designed to break the vicious circle tying financially weak eurozone governments to financially weak banks. It cannot, ho…