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Finance and Banking

Afghan money changers calculate at the currency exchange Sarayee Shahzada market in Kabul on June 29, 2015.
Afghan money changers calculate at the currency exchange Sarayee Shahzada market in Kabul on June 29, 2015.

Don’t Release Foreign Reserves to the Taliban

Unfreezing billions of dollars while huge revenues flow to Kabul risks legitimizing an extremist regime.

Aerial view of a thermosolar power plant in Antofagasta, Chile, the first in in Latin America, on September 22, 2021.
Aerial view of a thermosolar power plant in Antofagasta, Chile, the first in in Latin America, on September 22, 2021.

The United States’ Easiest Climate Win Is in Latin America

Washington has the money for Latin America's energy transition—if it weren’t for the bureaucratic fine print.

U.S. President Joe Biden arrives to speak on rebuilding U.S. manufacturing.
U.S. President Joe Biden arrives to speak on rebuilding U.S. manufacturing.

Could Venture Capital Be the New Frontier in Great-Power Competition?

In the era of great-power competition, America’s Frontier Fund aims to harness venture capital to advance U.S. strategic interests.

A man walks in front of signage at the Ukraine Recovery Conference in Lugano, Switzerland, on July 3.
A man walks in front of signage at the Ukraine Recovery Conference in Lugano, Switzerland, on July 3.

The Battle to Save Ukraine’s Economy From the War

A top European bank chief weighs in on how to bankroll Ukraine for the war, and reconstruction, ahead.

A view of the Russian Central Bank headquarters in downtown Moscow on May 26.
A view of the Russian Central Bank headquarters in downtown Moscow on May 26.

Actually, the Russian Economy Is Imploding

Nine myths about the effects of sanctions and business retreats, debunked.

A man counts Afghan currency
A man counts Afghan currency

Afghanistan Still Wants Its Frozen Funds

But the United States is leery of giving the Taliban access to billions in cash.

1970s-inflation-george-wylesol-illustration-site
1970s-inflation-george-wylesol-illustration-site

The 1970s Weren’t What You Think

Yes, fiscal and monetary policy seemed stuck for too long in expansionary mode. But the era also saw the rebalancing of the world economy.

Federal Reserve Chair Jerome Powell testifies in the U.S. Senate in Washington on Sept. 24, 2020.
Federal Reserve Chair Jerome Powell testifies in the U.S. Senate in Washington on Sept. 24, 2020.

Why This Global Economic Crisis Is Different

This is the first time since World War II that there may be no cooperative way out.

First Lady Jill Biden, Ecuadorian President Guillermo Lasso, and Ecuadorian First Lady María de Lourdes Alcívar de Lasso wave to reporters at the Carondelet Palace in Quito, Ecuador, on May 19.
First Lady Jill Biden, Ecuadorian President Guillermo Lasso, and Ecuadorian First Lady María de Lourdes Alcívar de Lasso wave to reporters at the Carondelet Palace in Quito, Ecuador, on May 19.

Will Washington Invest in Its Neighborhood?

The June Summit of the Americas is an opportunity to unveil a more ambitious regional economic strategy.

Ones and Tooze Override Photo
Ones and Tooze Override Photo

What Does a Cryptocurrency Crash Portend for the Economy?

Should you be worried about cryptocurrencies’ instability?

A commuter walks past an ad for the U.S. multinational investment bank and financial services company Morgan Stanley in Hong Kong on Sept. 30, 2021.
A commuter walks past an ad for the U.S. multinational investment bank and financial services company Morgan Stanley in Hong Kong on Sept. 30, 2021.

Ukraine Should Give Investors Second Thoughts on China

Russian President Vladimir Putin’s war has shown autocracies aren’t safe bets.

A police officer walks past the offices of the Russian Central Bank in Moscow on Feb. 28.
A police officer walks past the offices of the Russian Central Bank in Moscow on Feb. 28.

What Does Russia’s Removal From SWIFT Mean For the Future of Global Commerce?

Removing Russian banks from the SWIFT system is accelerating a global economic realignment

A man on the phone walks past the Russian Central Bank headquarters as the Russian flag flies, in downtown Moscow, on March 19, 2021.
A man on the phone walks past the Russian Central Bank headquarters as the Russian flag flies, in downtown Moscow, on March 19, 2021.

In Modern War, Short-Sellers Aren’t on the Sidelines

Savvy traders have the ability to hobble economies before shots are fired.

Protesters hold signs including one showing a cartoon of a U.S. soldier handing a child with missing arms a piece of candy, with the caption "Gift."
Protesters hold signs including one showing a cartoon of a U.S. soldier handing a child with missing arms a piece of candy, with the caption "Gift."

A Better Use of Frozen Afghan Funds

The reserves belong to the Afghan people, not the United States or the Taliban.

Ruble exchange rates in Moscow.
Ruble exchange rates in Moscow.

What Financial Markets Are Telling Biden About Geopolitics

As Washington crafts its foreign policy, asset prices may offer important guidance.

A Greenpeace activist sprays green-colored water at the entrance of the European Parliament in Brussels on May 26, 2021.
A Greenpeace activist sprays green-colored water at the entrance of the European Parliament in Brussels on May 26, 2021.

Can Global Regulators Save the ESG Movement From Itself?

Without state intervention and global standards, the environmental, social, and governance movement is a recipe for greenwashing and corporate deception.

Committee Chair Rep. Maxine Waters (center) speaks as ranking member Rep. Patrick McHenry (left) listens during a hearing before House Financial Services Committee on Dec. 8 in Washington, DC. The committee held a hearing on "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.
Committee Chair Rep. Maxine Waters (center) speaks as ranking member Rep. Patrick McHenry (left) listens during a hearing before House Financial Services Committee on Dec. 8 in Washington, DC. The committee held a hearing on "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.

Congress Takes on Crypto

Key Takeaways from the House Financial Services and Senate Banking Committees’ Cryptocurrency Hearings

An image of Bitcoin and U.S. currency is displayed on a screen in front of silhouettes of people.
An image of Bitcoin and U.S. currency is displayed on a screen in front of silhouettes of people.

Great Protocol Politics

The 21st century doesn’t belong to China, the United States, or Silicon Valley. It belongs to the internet.

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