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March 11, 2008

Wars and Conflict
Hormats: Iraq War Historic for Lack of Cost Transparency

Robert Hormats, the vice chairman of Goldman Sachs International, discusses hidden economic costs of the Iraq war and urges frank discussion of the U.S. military budget.

October 17, 2008

International Organizations
The Deep Roots of the Financial Crisis

The Financial Times’ Martin Wolf argues that massive accumulations of currency reserves enabled housing bubbles in developed economies and sparked the current financial crisis. The shakeout, Wolf say…

May 10, 2016

Puerto Rico
Can Puerto Rico Escape Its Debt Crisis?

Puerto Rico’s debt crisis has entered a new stage. Without congressional action and deeper reforms, the island could find itself unable to provide basic services, says CFR expert Brad Setser.

June 7, 2007

Middle East and North Africa
Ali: Islamic Banking is a Rapidly Growing Industry

Jawad I. Ali, a lawyer who helps corporations structure sharia-compliant finance deals, discusses the boom in Islamic banking and the industry’s future.

May 25, 2012

Economic Crises
The Euro Crisis and the U.S. Economy

The U.S. financial sector is at risk of eurozone sovereign debt contagion that could potentially undermine the fragile U.S. economic recovery, explains economist Richard H. Clarida.