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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…

February 5, 2024

China
China’s New Currency Playbook

China’s pivot to a new strategy of indirect intervention through its large state banks requires new approaches to policing currency policies by both the U.S. Treasury and IMF.

Settlement by banks in China vs. Yuan-Dollar Exchange Rate

February 1, 2024

Russia
Mobilizing Russia’s Immobilized Reserves

A quick note on the debate over the use of Russia’s frozen reserves.

Euro banknotes at a money exchange office.

January 29, 2024

Technology and Innovation
Arthur Ross Book Award: "Chip War: The Fight for the World’s Most Critical Technology"

Gideon Rose celebrates the winners of this year’s Arthur Ross Book Award: Chris Miller, Susan L. Shirk, and Daniel Treisman. The program includes an award ceremony with each winner, and a discussi…

Play Hand wearing gloves holding a yellow semiconductor chip

January 22, 2024

Trade
The Curse of Nostalgia: Industrial Policy in the United States

A critical look at the past and present of industrial policy shows that its recent popularity is not only misguided, but is likely to have negative economic and geopolitical consequences for the Unit…

President Joe Biden signs the Inflation Reduction Act in the State Dining Room of the White House in Washington on August 16, 2022.

January 17, 2024

Technology and Innovation
The Crypto Question: Bitcoin, Digital Dollars, and the Future of Money

The dizzying rise of bitcoin and other cryptocurrencies has created new challenges for governments and central banks. Increasing popularity and high levels of market volatility have raised the stakes…

A technician inspects the backside of a bitcoin mining operation in Quebec, Canada.

January 11, 2024

Taiwan
Virtual Media Briefing: Elections in Taiwan

Panelists discuss the upcoming elections in Taiwan to select a new president and legislature. STARES: Thanks very much, Emily. Good day, everyone. Welcome to this Council on Foreign Relations brie…

Play Individual casts ballot for legislative elections in Taipei

January 9, 2024

Conflict Prevention
What to Worry About in 2024

Panelists discuss potential and ongoing crises that may erupt or escalate in 2024, as well as their global political implications. This event will explore the results of the 2024 Preventive Prioritie…

Play Chinese Coast Guard vessel blocks a chartered supply boat delivering provisions in the South China Sea.

January 4, 2024

Middle East and North Africa
Mideast Tensions Grow, Consumer Electronics Show Spotlights AI, Divided U.S. Congress Returns, and More

U.S. Secretary of State Antony Blinken returns to the Middle East as the region reacts to attacks in Iran, Lebanon, and the Red Sea; the annual Consumer Electronics Show in Las Vegas previews new pro…

Podcast Firefighters and civil defense are seen in a damaged building that was allegedly targeted by an Israeli drone strike on January 2, 2024 in Dahiyeh, a suburb of Beirut, Lebanon.

December 20, 2023

China
China: Year in Review 2023

A review of the most significant events in China in 2023, and a look ahead to the most pressing challenges and uncertainties the country will face in 2024.

Chinese President Xi Jinping waves as he walks with U.S. President Joe Biden at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, November 15, 2023.