About the authors: Benn Steil is director of international economics at the Council on Foreign Relations and the author, most recently, of The World That Wasn’t: Henry Wallace and the Fate of the ...

The global financial safety net is the set of institutions and arrangements that provide lines of defense for economies against external financial shocks. There are three lines of defense in their ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. In our recent op-ed for Barron’s, we argued that China’s central-bank currency ...

About the author: Vincient Arnold is a research associate at the Yale Program on Financial Stability and writes Discursive Etc., a blog on geopolitics and the financial system. Foreign officials have ...

The U.S. may have transferred over $800 million of its IMF reserves to Argentina, in a transaction that occurred just before a crucial debt payment. Argentina Taps US Swap to Repay IMF? The U.S.

WASHINGTON (Reuters) -Pakistan has put in a request to China to augment its existing swap line by 10 billion yuan ($1.4 billion), Finance Minister Muhammad Aurangzeb said, adding he expected the ...

BUENOS AIRES (Reuters) - China is on a crash course with the United States over a major Chinese currency swap deal with Argentina that has buffered the South American country's depleted foreign ...

UK companies will likely be able to trade with China more freely under a proposed currency swap agreement between the countries’ central banks. John McCormick, Chairman of RBS Group Asia Pacific, says ...

Argentina's central bank and the U.S. Treasury have signed a currency swap line for $20 billion, a key vote of confidence for President Javier Milei ahead of a crucial midterm election on Sunday. The ...

FRANKFURT, Dec 17 (Reuters) - Currency swap lines linking world central banks help make global banks more resilient in times of financial stress and protect American households and firms from the ...