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June 26, 2018

Monetary Policy
Global Monetary Policy Divergence and the Reemergence of Global Imbalances

To minimize the risk of greater global imbalances, U.S. policymakers should rethink U.S. fiscal policy and focus on the transatlantic imbalances, not the bilateral trade deficit with China.

IIGG Monetary policy

October 11, 2018

Global Governance
Global Governance to Combat Illicit Financial Flows

Illicit financial flows are one of the most important features of globalization’s dark side. However, unlike other illicit or dangerous cross-border flows, these flows bear almost no markers in and of themselves.

Replicas of Brazilian banknotes are hung on a clothesline during a protest of the national union of prosecutors against money laundering in Brazil, at the Esplanade of Ministries in Brasilia, on March 18, 2015. (Ueslei Marcelino/Reuters)

November 15, 2012

Grand Strategy
Democratic Internationalism

Overview In this International Institutions and Global Governance Working Paper, Daniel Deudney and G. John Ikenberry trace the history of liberal internationalism and find that the existing U.S. …

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October 2, 2012

Global Governance
The Irony of Global Economic Governance

Overview The 2008 financial crisis posed the biggest challenge to the global economy since the Great Depression and provided a severe "stress test" for global economic governance. States rely on a…

The Irony of Global Economic Governance header

February 4, 2011

Financial Markets
Improving Energy Market Regulation

Overview Highs and volatile energy prices have driven the regulation of commodity financial markets to the forefront of the U.S. and G20 policy agendas, including the upcoming 2011 G20 meeting in …

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April 16, 2009

Pakistan
From AfPak to PakAf

Overview President Obama publicly unveiled his administration's policy toward Afghanistan and Pakistan in March 2009. In this Policy Options Paper, CFR Senior Fellow Daniel Markey analyzes the Oba…

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January 26, 2009

Terrorism and Counterterrorism
War About Terror

Overview President Barack Obama, in one of his first moves in office, reversed some of the most controversial detention and interrogation policies of the Bush administration. His three executive o…

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April 17, 2008

Terrorism and Counterterrorism
Counterterrorism Trip Report

Overview Daniel Byman traveled to Israel and Jordan in March -- a time of crisis in the Middle East. During Byman's trip, Palestinian militants in the Gaza Strip fired rockets against the Israeli …

December 18, 2007

Pakistan
Policy Options Paper—Pakistan

This paper was written by Daniel Markey, a senior fellow at the Council on Foreign Relations, who handled the South Asia portfolio on the State Department’s Policy Planning staff from 2003 to 2007. I…

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April 17, 2008

Middle East and North Africa
Gulf Trip Report

Overview In February, Martin Indyk and Richard Haass engaged leading Gulf policymakers in detailed conversations about what they are looking for from a new American president. While all those with…