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October 3, 2019

Eurozone
The Role of the European Central Bank

As Europe has weathered a succession of economic crises, the European Central Bank has responded with an aggressive set of monetary policies that have redefined the bank’s original mandate.

Workers repair the euro sign in front of ECB headquarters

April 17, 2020

European Union
How Does the European Union Work?

The European Union has navigated a thicket of external and internal crises in recent years, including mass migration and Brexit. What are the union’s core institutions, and what roles do they play?

The chamber of the European Parliament during a voting session at the EU parliament's headquarters in Strasbourg..

May 22, 2020

China
Democracy in Hong Kong

As China’s power continues to grow, some fear that the considerable autonomy Hong Kong has enjoyed over the last three decades could slip away.

Protesters wearing black carry black umbrellas and stand next to a white figure that looks like the Goddess of Democracy statue in Hong Kong.

May 20, 2020

Pharmaceuticals and Vaccines
What Is the World Doing to Create a COVID-19 Vaccine?

The race to find a vaccine for the new coronavirus is well underway. Governments and researchers are aiming to provide billions of people with immunity in eighteen months or less, which would be unpr…

An engineer shows an experimental vaccine for COVID-19 at the Sinovac Biotech facilities in Beijing.

May 15, 2020

State and Local Governments
How the Coronavirus Will Harm State and City Budgets

The coronavirus pandemic is placing enormous budget pressure on state and local governments, threatening deep and potentially lasting cuts to education, infrastructure, and other important investment…

Four people wait in line at an unemployment in Fayetteville, Arkansas, after losing their jobs due to the coronavirus outbreak.

May 4, 2020

Coronavirus
Coronavirus: How Are Countries Responding to the Economic Crisis?

The coronavirus pandemic is slowing global commerce to a crawl, but many of the world’s largest economies are taking extraordinary actions to propel them through the crisis.

A pedestrian wearing a protective face mask amid the the coronavirus (COVID-19) outbreak is reflected on a screen displaying stock prices outside a brokerage in Tokyo, Japan, on March 17, 2020.

April 30, 2020

United States
The National Debt Dilemma

With the U.S. national debt already exceeding $16 trillion, President Trump’s tax reform and budget deals with Congress have added to the country’s deficits. CFR explores the origins of the national debt, the risks it presents, and the outlook for change.

US-Debt-BGR-Header-2-1160x630.jpg

April 27, 2020

Yemen
Yemen in Crisis

Yemen’s mounting internal divisions and a Saudi-led military intervention have spawned an escalating political, military, and humanitarian crisis.

Five Houthis ride atop a military vehicle.

April 20, 2020

Public Health Threats and Pandemics
What Is the Ebola Virus?

Endemic to the African tropics, the Ebola virus has killed thousands in recent years, putting the World Health Organization and major donor countries in the limelight as they’ve grappled with how to …

A health-care worker stands next to a cross during the funeral of a person suspected of dying of Ebola in Beni, Democratic Republic of Congo.

March 31, 2020

Monetary Policy
What Is the U.S. Federal Reserve?

Over the past decade, the Fed has deployed trillions of dollars in stimulus while expanding its regulatory oversight. Under the Trump administration, the central bank is back on the front lines to fi…

Federal Reserve