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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…

February 9, 2024

Ukraine
Will Ukraine Survive?

What Ukraine and its Western backers have accomplished in the wake of Russia’s February 2022 invasion is extraordinary. But with congressional Republicans blocking further US military aid, even as Ru…

The Ukrainian flag flutters amid buildings destroyed in Russia’s bombardment of the Ukrainian town of Borodianka.

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

January 11, 2024

U.S. Foreign Policy Program
What to Do About Coups

Nothing may seem more obvious to supporters of democracy than the need to oppose, punish, and deter coups. But defining a coup, let alone reacting sensibly to one, is difficult for many democratic go…

A group of men approach and bang with their hands a military tank in a downtown street at night.

December 21, 2023

United States
These Eight Charts Show Why Fentanyl Is a Huge Foreign Policy Problem

Overdoses involving fentanyl and other synthetic opioids are the leading cause of death among young Americans and a threat to U.S. public health, the economy, and national security. Combating the epi…

December 14, 2023

United States
The Humbling of Henry Kissinger

The truth is that his tenure as secretary of state was often rocky, and as full of setbacks as acclaim.

Kissinger

December 13, 2023

Trade
Visualizing 2024: Trends to Watch

What trends will shape world events in the year ahead? Five CFR experts weigh in.

December 4, 2023

United States
Congress Can Help Make Housing Affordable—It Just Has to Act

The Barrister Apartments in downtown Cincinnati, slated to open early next year, are a housing policy success story. Financed with federal Low-Income Housing Tax Credits, it is the first investment i…

Home sale sign

November 8, 2023

Trade
Unpacking the IPEF: Biden’s Indo-Pacific Trade Play

One year after the Joe Biden administration unveiled its Indo-Pacific Economic Framework, the agreement still doesn’t look like a traditional trade deal and could end up falling short of its ambition…

Containers are loaded at the Port of Singapore, the second largest port in the world.

October 25, 2023

Turkey
Turkey, the United States, and the Israel-Hamas War

President Erdogan’s recent troubles with the United States have prevented Turkey from playing a potentially constructive role in the early phases of the Israel-Hamas war.

Turkish President Recep Tayyip Erdogan speaks at a lectern. Two Turkish flags are seen behind him.