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March 8, 2022

Ukraine
Preventing a Wider European Conflict

To prevent Russia's ongoing invasion of Ukraine from escalating into a wider European conflict, Thomas Graham recommends that the United States bolster its deterrence efforts with NATO partners, whil…

Russian servicemen drive tanks during military exercises in the Leningrad Region, Russia.
Contingency Planning Memorandum by Thomas Graham Center for Preventive Action

April 9, 2015

Financial Markets
CFR Central Bank Currency Swap Interactive

Central bank currency swaps are becoming the new cross-border tool of choice in financial crisis management.  This interactive explores the rapid growth of currency swaps since 2007 and its implicati…

Central Bank Currency Swaps Since the Financial Crisis
Interactive by Benn Steil and Dinah Walker

December 8, 2004

Budget, Debt, and Deficits
The central bank bid

It seems like America’s biggest creditors stepped up to the plate today. China’s rapidly growing reserves have to go somewhere ... From Bloomberg:"So-called indirect bidders, which include the forei…

Blog Post by Brad W. Setser Follow the Money

January 11, 2023

China
China’s Failed Influence Efforts in Central and Eastern Europe

Despite significant investment, China's attempts to cultivate influence in Central and Eastern Europe have faltered in recent years.

German Chancellor and Chinese Prime Minister stand beside each other in front of the German and Chinese flags.
Blog Post by Joshua Kurlantzick Asia Unbound

Present

European Security and the Ukraine War

Russia's 2022 invasion of Ukraine ushered in a new era in Europe.  The European Union is turning into a geopolitical union with the ambition to order its neighborhood and to assume more responsibilit…