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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…

March 4, 2024

United States
A Self-Absorbed America Means Disorder for the World

The dam holding back chaos in U.S. foreign policy is cracking.

Supporters of Republican presidential candidate and former U.S. President Donald Trump gather on the street with Trump flags, ahead of Super Tuesday, in Huntington Beach, California, U.S.

December 13, 2023

Trade
South America Can Still Save Its Trading Bloc

Stalemate over a trade deal with the European Union has left Mercosur on life support. Its revival depends on spurring greater intraregional trade.

Brazil’s President Luiz Inácio Lula da Silva attends the 63rd Summit of Heads of State of Mercosur and Associated States, at the Museum of Tomorrow in Rio de Janeiro, Brazil, December 7, 2023.

August 9, 2023

Latin America
A Ticking Clock for Latin America’s Nearshoring Opportunity

The window is still open for the region to benefit from the supply chain reshuffle—but not for much longer.

Panama Canal employees work in Panama City, Panama.

October 4, 2022

Monetary Policy
As Global Recession Looms, a Perilous Moment for Central Banks

Many central banks are navigating turbulent waters as they battle inflation, a strengthening dollar, and an energy crunch. Should they coordinate policy?

People walk past a sign outside a currency exchange office in London.

September 20, 2023

Immigration and Migration
The Americas Can’t Handle Immigration a la Carte

The Western Hemisphere needs regional solutions to make the most of the migration wave it faces.

After processing by U.S. Immigration, migrants are dropped off by a bus at a transit center to continue their journey in the United States from San Diego, California.

April 15, 2024

RealEcon
Weighing the Pros and Cons of Global Trade Leadership

Under Biden and Trump, the U.S. has broken from its long-standing free trade policy. CFR trade experts assess whether the rules-based trading system is worth saving.

A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022.

April 1, 2024

China
On Fentanyl, Biden Should Look to Work With China

The fentanyl epidemic is a major election issue. The U.S. could leverage trade policy with China to crack down on its export. 

Members of the Sinaloa Cartel prepare capsules with methamphetamine in a safe house in Culiacan, Mexico, April 4, 2022.