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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December 22, 2014
United States
Ten Americans Who Died in 2014 Who Shaped U.S. Foreign Policy
As 2014 comes to a close, here are ten influential U.S. foreign policy figures who passed away this year.
December 11, 2006
Financial Markets
The GCC’s dollar peg …
China will have a current account surplus of over $200b this year. China has about 1.3 billion people. The GCC countries (Saudi Arabia and the small states on the Gulf) will also have a current ac…
October 2, 2007
Monetary Policy
Central banks came close to financing the entire US current account deficit over the past four quarters
I have been reserve-obsessed for quite some time now. The uphill flow of funds from the emerging economies to advanced economies strikes me as the defining feature of today's global economy. That…
November 17, 2008
Financial Markets
The G-20 communique
The G-20’s communiqué offered a surprisingly robust work program for regulatory reform. MIT’s Simon Johnson even worries that it may be too robust – and push banks to scale back their lending in a …
February 10, 2009
Financial Markets
Toxic banks or toxic assets?
Two weeks ago, George Soros memorably framed the core choice the US now faces as a choice between buying toxic assets or taking over toxic banks. “The hard choice facing the Obama administration is …