Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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February 26, 2013
Pakistan
Support Process Over Personalities in Pakistan
Pakistan's leadership transitions over the course of 2013 will complicate, perhaps even disrupt, the already tenuous U.S.-Pakistan relationship. As in the past, Washington may be tempted to lend supp…
March 14, 2013
Monetary Policy
Exiting from Monetary Stimulus: A Better Plan for the Fed
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…
February 24, 2014
Europe and Eurasia
Restoring Financial Stability in the Eurozone: Lessons From the U.S. Financial Crisis
The European Stability Mechanism's (ESM) bank recapitalization instrument was designed to break the vicious circle tying financially weak eurozone governments to financially weak banks. It cannot, ho…
January 14, 2020
World Trade Organization (WTO)
A Reset of the World Trade Organization's Appellate Body
The Trump administration has destroyed the World Trade Organization’s Appellate Body, much to the dismay of those needing the certainty of a rules-based trading system. Three reforms could get it bac…
