The U.S. Federal Reserve's monetary stimulus efforts have an undesirable side effect that needs to be managed with great care: the Fed has amassed a huge stock of mortgage-backed securities (MBS) tha…

See CFR Senior Fellow and Renewing America Director Edward Alden's accompanying blog post here. The promotion of foreign language instruction should be a national priority. In an increasingly comp…

The Issue An approach to bank regulatory reform that restricts the scope and incentives for bank balance-sheet expansion funded by short-term debt is essential to preventing another major financia…

Across eight years, two administrations, and the direct interventions of a deputy secretary of state and three special envoys, U.S. attempts to promote a lasting peace for Darfur have failed. The mos…

Introduction The global financial crisis has exposed a weakness in the international monetary (non-)system. Desired levels of currency reserves in emerging markets have jumped over the past decade…