Discover how a nation's balance of payments can affect its currency's exchange rate and the dynamics of its relationship in ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The IMF’s surveillance cycle for China is wrapping up, and at least judging from ...

The concept of balance-of-payments-constrained economic growth has long served as a vital framework for understanding how external imbalances can limit long-run economic expansion. This approach ...

This story was updated with new information. Last month, President Donald Trump signed an executive order aimed at reforming and overhauling the Federal Emergency Management Agency (FEMA). He had ...