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Rhetorical Heat Raises the Stakes in the South China Sea

Foreign Ministers from the U.S.-centric Quad defense alliance criticized what they called “coercive and intimidating maneuvers” in the South China Sea. This comes after talks between U.S. Secretary of State Antony Blinken, Japanese Foreign Minister Yoko Kamikawa, Australia’s Foreign Minister Penny ...

U.S. Will Reportedly Increase Military Funding to the Philippines

This week’s joint visit by U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin to Manila will reportedly see the announcement of $500 million in additional military funding to the Philippines to bolster its defenses, and a possible new military pact between the countries.

Blinken, Austin Hold Defense Talks With Philippine Counterparts

By Léon Bruneau U.S. foreign and defense ministers met their Philippine counterparts in Manila on Tuesday. Beijing's growing assertiveness in the South China Sea is likely to dominate the talks. A series of escalating confrontations ...

Falling Through the Net? The Perils of Relying on Central Bank Swaps for Global Crisis Finance

By Laurissa Mühlich, Thomas Goda, and Marina Zucker-Marques Since the 2008 global financial crisis, central bank swaps have emerged as an increasingly important pillar of the Global Financial Safety Net (GFSN), the network of institutions and arrangements that aim at ...