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June 17, 2019

International Finance
Make the Foreign Exchange Report Great Again

The U.S. Department of the Treasury should transform its foreign currency report so it can be used as a tool to combat currency manipulation. This would be an important step toward a more balanced global economy with fewer persistent deficits and surpluses.

A man passes by a currency exchange shop in Hong Kong, on May 29, 2019.

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…

Exiting from Monetary header

February 3, 2011

Monetary Policy
Managing the World's Dollar Dependency

Introduction The global financial crisis has exposed a weakness in the international monetary (non-)system. Desired levels of currency reserves in emerging markets have jumped over the past decade…

Managing the World's Dollar Dependency header

July 29, 2013

Arms Industries and Trade
A Strategy to Reduce Gun Trafficking and Violence in the Americas

The flow of high-powered weaponry from the United States to Latin America and the Caribbean exacerbates soaring rates of gun-related violence in the region and undermines U.S. influence in the Wester…

A Strategy to Reduce Gun Trafficking and Violence in the Americas header

June 7, 2017

State and Local Governments (U.S.)
Creating a State Department Office for American State and Local Diplomacy

With the increase in subnational international activity, the United States should create an appropriately staffed office within the State Department to serve as a facilitator. This achievable bureaucratic reform would enable the U.S. government to appropriately facilitate activity already underway, enlist city and state leaders as allies in U.S. diplomacy, and prevent policy confusion.

Former San Antonio (Chennai Sister City) Mayor Julian Castro meets Chennai Corporation Mayor Saidai Duraiswami in Chennai, India, on January 25, 2013. (U.S. Consulate General, Chennai)