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February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

December 13, 2023

Trade
South America Can Still Save Its Trading Bloc

Stalemate over a trade deal with the European Union has left Mercosur on life support. Its revival depends on spurring greater intraregional trade.

Brazil’s President Luiz Inácio Lula da Silva attends the 63rd Summit of Heads of State of Mercosur and Associated States, at the Museum of Tomorrow in Rio de Janeiro, Brazil, December 7, 2023.

December 4, 2023

United States
Congress Can Help Make Housing Affordable—It Just Has to Act

The Barrister Apartments in downtown Cincinnati, slated to open early next year, are a housing policy success story. Financed with federal Low-Income Housing Tax Credits, it is the first investment i…

Home sale sign

November 16, 2023

Argentina
Argentina Election Draws Wider Attention to Embattled Economy

The country’s massive economic problems will be a vexing challenge for whoever becomes president.

People line up in front a butcher shop next to signs showing meat prices.

August 16, 2023

United States
Does Fitch’s Downgrade of U.S. Debt Really Matter?

The ratings agency’s decision will have no consequences for the U.S. dollar’s global role, but it highlights the country’s darkening fiscal outlook and governance challenges.

A woman walks past a currency exchange office in Moscow.

August 14, 2023

Southeast Asia
The State of Democracy in Southeast Asia Is Bad and Getting Worse

By 2020, with the state of democracy already in dire shape, it seemed that things couldn’t get worse. And yet, in the past few years, they have.

A picture of Thai prime ministerial candidate is held up as protestors stand behind an iron fence.

April 14, 2023

Laos
Unprecedented Protests Are Putting Laos in Uncharted Waters

Amid severe economic distress, many Laotians are increasingly undaunted by the fear of repression.

The prime minister of Laos sits with an earpiece.

February 21, 2023

Colombia
Colombia Tries a Transformative Left Turn

Current History, Volume 122, Issue 841: 69-74

Colombia's President and Vice President