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About CFR

About the Greenberg Center for Geoeconomic Studies

Founded in 2000, the Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations works to promote a better understanding among policymakers, academic specialists, and the interested public of how economic and political forces interact to influence world affairs.

July 10, 2012

Europe and Eurasia
More Evidence That LIBOR Is Manipulated, and What It Means

Barclays’ admission that it deliberately understated the interest rates at which it could borrow between September 2007 and May 2009 suggests grievous flaws in the widespread process of using LIBO…

More Evidence That LIBOR Is Manipulated, and What It Means

July 2, 2012

Europe and Eurasia
"Iceland's Post-Crisis Miracle" Revisited

Back in July 2010, we produced a post examining the “Icelandic Post-Crisis Miracle,” as proclaimed by Paul Krugman.  We showed that Krugman’s “miracle” was merely an artifact of comparing changes …

"Iceland's Post-Crisis Miracle" Revisited

August 17, 2011

Brazil
Are Stocks Cheap?

Weak economic data, a Washington debt standoff, a downgrade of U.S. federal debt, and rising European default fears helped send the S&P 500 stock index down 16% between July 22and August 6.  As the…

Are Stocks Cheap?

August 2, 2012

Monetary Policy
Benchmarking the Fed’s Dual-Mandate Performance

The Fed has a dual mandate to pursue price stability and maximum employment.  How should these be defined?  In January, the Fed set itself a long-run inflation target of 2%, while in June the midp…

Benchmarking the Fed’s Dual-Mandate Performance

July 16, 2012

Europe and Eurasia
More Evidence That LIBOR Is Hazardous to Economic Health

Central bankers necessarily spend a great deal of time studying economic and market data that they believe to be forward-looking indicators of the economy’s health.  One such is the so-called “LIB…

More Evidence That LIBOR Is Hazardous to Economic Health

June 14, 2012

Monetary Policy
Can Household Risk-Aversion Measures Predict Fed Policy?

The so-called Taylor Rule in monetary policy suggests how the Federal Reserve should adjust interest rates based on movements in inflation and economic output.  Although the Fed has never explicit…

Can Household Risk-Aversion Measures Predict Fed Policy?

November 14, 2011

Europe and Eurasia
It’s Time to Euthanize Sovereign CDSs

Imagine life insurance contracts that wouldn’t pay off if officials declared heart attacks to be “voluntary.” Welcome to the world of sovereign credit default swaps, or CDSs.  When the Greek debt d…

It’s Time to Euthanize Sovereign CDSs

June 6, 2011

Europe and Eurasia
Why You Need American Dollars to Mint Australian Ones

All countries with central banks exercise monetary sovereignty, right?  Nobel economist Paul Krugman certainly thinks so.  “Wow,” he wrote, after reading Benn Steil and Manuel Hinds say otherwise i…

Why You Need American Dollars to Mint Australian Ones

June 23, 2014

Global
Michael Levi Named Director of Maurice R. Greenberg Center for Geoeconomic Studies

The Council on Foreign Relations (CFR) is pleased to announce that Michael A. Levi, David M. Rubenstein senior fellow for energy and the environment and director of the program on Energy Security and…