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February 6, 2013

Europe
Germany’s Central Bank and the Eurozone

Germany’s Bundesbank remains an influential actor in eurozone policymaking, and its recent disagreements with the ECB raise concerns about managing the zone’s debt crisis. This Backgrounder explains.

April 30, 2019

Nigeria
Dangote’s Oil Refinery Central to Nigeria Meeting Its Production Goals

On April 25, the managing director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, said that Aliko Dangote's new Lagos oil refinery is central to the government meeting its ambi…

Nigeria-Dangote-Oil-Refinery-Construction

April 4, 2019

Americas
Trump’s Central American Mistake

Mexico and Central America can do little to curb migration without robust U.S. support.

Father and son walk in a caravan of migrants en route to U.S. in San Salvador

April 24, 2018

International Economic Policy
Asia's Central Banks and Sovereign Funds Are Back

East Asia (China, Japan, and the NIEs) ran a $600 billion current account surplus in 2017. "Official" (central bank and sovereign fund) outflows accounted for about half of that. Asia's foreign excha…

Asia's Central Banks and Sovereign Funds Are Back

May 22, 2019

Election 2020
The 2020 Presidential Candidates: In Their Own Words

The Democratic and Republican presidential contenders have begun defining their approach to major foreign policy issues as they jockey for position in their parties’ primaries.

The Presidential Seal

May 21, 2019

South Africa
South Africa’s Blackouts Demonstrate Need for Distributed Energy Resources

This is a guest post by Benjamin Silliman, research associate for Energy Security and Climate Change at the Council on Foreign Relations and Payce Madden, researcher in African development. South …

A shopper looks for goods during an electricity load-shedding blackout in Johannesburg, South Africa, February 12, 2019.

May 21, 2019

China
China’s Massive Belt and Road Initiative

China’s Belt and Road Initiative is the most ambitious infrastructure investment effort in history. But is it also a plan to remake the global balance of power?

Zhang Peng/LightRocket via Getty Images

May 21, 2019

Southeast Asia
Anand Panyarachun and The Making of Modern Thailand: A Review

By Petra Desatova Anand Panyarachun, the former prime minister of Thailand and a long-time central figure in Thai politics, belongs to an old generation of Thai technocrats, who shaped Thailand’s …

Anand Panyarachun

May 20, 2019

Australia
How Morrison Won – and What His Win Means for the U.S.-Australia Alliance

James Curran is a professor of modern history at Sydney University. As the dust begins to settle on the stunning, unexpected result from the Australian elections over the weekend, the re-elected P…

Morrison victory

October 18, 2016

Monetary Policy
Large Scale Central Bank Asset Purchases, by Currency

In an earlier post, I added reserve purchases by the world’s major emerging market central banks, Japan and Switzerland to the bonds purchases by the Fed, the BoJ, the ECB and Bank of England. I want…

usd