This Economic Weapon Is Worth Congress’s Attention
Currency swap lines are useful foreign-policy tools, but current law limits their availability.
Federal Reserve System
Time To Bury OPEC
OPEC is dying. The announcement by the United Arab Emirates (UAE) that it will leave the cartel effective May 1 may be the fatal blow. As OPEC’s third-largest producer, the UAE’s exit follows Qatar’s...
Policy Briefs
FTX’s Collapse Is a Win for National Security
The collapse of cryptocurrency giant FTX is a net positive for U.S. national security. While we should applaud innovation and encourage responsible risk-taking, the rapid rise of barely regulated currencies...
Op-eds
Vandenberg Coalition Afghanistan Working Group Report
Executive Summary The Vandenberg Coalition Afghanistan Working Group convened a diverse group of national security professionals to develop policy recommendations for the Biden administration and Congress...
Memos
Biden’s left banker
A nominee with a colorful story and ‘radical’ beliefs
Op-eds
Biden Is Running a Hostage Negotiation With the Taliban
Making concessions now will only encourage terrorism.
Op-eds
Financial Watchdog Cracks Down on Turkish Public Lender’s German Subsidiary
Germany’s financial regulatory authority on August 26 announced a series of punitive measures against an unnamed financial institution that journalists have identified as Ziraat Bank International AG,...
Policy Briefs
COVID-19 and Erdogan’s Power Consolidation
Since the rise to power of the Islamist-rooted Justice and Development Party (AKP) in Turkey in 2002, its leader Recep Tayyip Erdogan has used successive crises as pretexts to consolidate power that has...
Op-eds
COVID-19 in Iran and Turkey: Mismanagement, Crackdowns, Economic Crises, and Corona-Diplomacy
Iran and Turkey have been the two countries in the Middle East hardest hit by COVID-19. Their respective epidemics – which both governments have largely mismanaged – have amplified their democratic...
Insights
Trump Should Not Fall For Erdogan’s S-400 Gambit
Last week, Turkish President Recep Tayyip Erdogan sent two military planeloads of medical aid to the United States, alongside a letter praising “the spirit of solidarity” he has displayed during...
Op-eds
Turkey’s Pro-Government Hackers Grow Bolder
British and American officials have attributed a sweeping cyber-espionage campaign to hackers aligned with the Turkish government. The discovery of Ankara’s brazen cyber offensive, whose main targets...
Policy Briefs
Seeking Sanctions Resistance Through Blockchain Technology
Policy experts can argue about the appropriateness of various sanctions policies. Some voice concerns that the U.S. ...
Op-eds
Turkey’s perfect storm
Turkey’s president, Recep Tayyip Erdoğan, came to power on the heels of the 2001 financi...
Op-eds
Blockchain tech is our financial future — America can get ahead of it
It may not have the sexiest of titles, but the new Congressional Blockchain Caucus could not have come at a better time. Created by two lawmakers this fall, the ...
Op-eds
Protections Against Digital Bank Robbers
Bonnie and Clyde are a thing of the past. Bank robberies have declined in the past several years, a function in part of improved security measures. Instead, criminals have turned to robbing banks...
Op-eds
Protections Against Digital Bank Robbers
Bonnie and Clyde are a thing of the past. Bank robberies have declined in the past several years, a function in part of improved security measures. Instead, criminals have turned to robbing banks...
Op-eds
Don’t Give Iran Cash
Iran is once again the center of a heated debate between the Barack Obama administration and Republicans in Congress, this time over whether the United States’ $1.7...
Op-eds
Oil Prices Cripple Iraq’s ISIS War
Co-authored by Daniel R. DePetris Iraq had a miserable 2014. The Islamic State (IS) reentered the country in large numbers early in the year, routing the Iraqi security forces i...
Op-eds
Turkey’s State-Owned Bank Probed By the New York Fed
The United States Federal Reserve launched a probe last week into the New Y...
Policy Briefs
So You Want to Be a Sanctions-Buster
It’s easy -- if you try hard enough and have the right friends! Here’s a handy how-to guide to making moolah from the mullahs.