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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…

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.

April 15, 2024

Trade
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 11, 2024

Israel
U.S. Aid to Israel in Four Charts

Israel has long been the leading recipient of U.S. foreign aid, including military support. That aid has come under heightened scrutiny amid Israel’s monthslong war to eliminate Hamas.

U.S. and Israeli army officers talk in front a Patriot missile defense system.

January 5, 2023

Europe
Why European Democracies Are More Resilient Than Expected

As winter neared, many observers were concerned about the resilience of European democracies during Russia’s war against Ukraine. The triple pressures of economic downturn and inflation, energy crisi…

A tugboat and vessel FSRU Exemplar, the floating liquefied natural gas (LNG) terminal, chartered by Finland to replace Russian gas, arrives to the Inkoo port, west of Helsinki, December 28, 2022.

April 1, 2024

Trade
Policymaking Is All About Trade-Offs

In crafting a new international economic policy that works for Americans and advances U.S. interests, policymakers will have to weigh multiple trade-offs.

San Diego, California, USA - October 8, 2015: British Airways Boeing 777 flying over crowded freeway to land at Lindberg Field San Diego International Airport.

February 23, 2024

Ukraine
How Much Aid Has the U.S. Sent Ukraine? Here Are Six Charts.

Six charts illustrate the extraordinary level of support the United States has provided Ukraine in its war against Russian invaders.

A Ukrainian serviceman carries an artillery shell.