Learn how official settlement accounts manage global reserve assets between central banks, affecting international trade, monetary stability, and economic health.

Cross-border payments are changing: existing intermediaries are upgrading their networks and new platforms based on novel digital forms of money are being explored, even as geoeconomic fragmentation ...

The 1940s saw a series of movies with Bing Crosby and Bob Hope, starting with the Road to Singapore in 1940. The plot was always similar. Bing and Bob, two fast-talking con men or song-and-dance ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. China’s GDP statistics are widely thought to be, well, works of performance art.

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that ...