February 1, 2008
Teaching Notes on Financial Statecraft: The Role of Financial Markets in American Foreign Policy by CFR Senior Fellow Benn Steil and co-author Robert E. Litan.
October 28, 2015
Projected capital outflows are placing pressure on the currencies of some of the world most dynamic emerging markets.
February 1, 2006
Read an excerpt of Financial Statecraft.
As trade flows expanded and trade agreements proliferated after World War II, governments—most notably the United States—came increasingly to use their pow…
September 29, 2017
Richard Bookstaber critiqued the discipline of economics as it has historically been practiced and discussed the challenges of managing risk and uncertainty in a complex macroeconomic environment. Pa…
May 20, 2008
November 14, 2018
If an expert committee makes the wrong call on Thursday, there is a disquieting possibility that the cliff may be in sight.
November 1, 2018
The International Monetary Fund, both criticized and lauded for its efforts to promote financial stability, continues to find itself at the forefront of global economic crisis management.
October 2, 2008
A systemic financial crisis is one that affects the "system" -- not a single institution. In my view, the US -- and perhaps the US and Europe -- are now facing one.
Systemic crises aren’t new. …
March 25, 2015
The collapsing financial system has ushered in an end to a global financial system long-dominated by the U.S.
April 29, 2009
Financial regulations in almost all countries are designed to ensure the soundness of individual institutions, principally commercial banks, against the risk of loss on their assets. This…