Dr. Benn Steil is senior fellow and director of international economics at the Council on Foreign Relations in New York. He is also the founding editor of International Finance, a top scholarly economics journal, and lead writer of the Council’s Geo-Graphics economics blog.
Benn's Most Recent Stories
January 12, 2016
The “law of one price” holds that identical goods should trade for the same price in an efficient market. But to what extent does it actually hold internationally? Continue reading →
July 2, 2014
Last month, the European Central Bank became the first central bank to charge banks for depositing their extra reserves with them. The idea is to encourage banks to lend privately instead. But as the Council on Foreign Relations’ Benn Steil and Dinah Walker report, banks are not feeling the incentive; they’re keeping their money at the ECB, despite the lowered — now negative — interest rates. Continue reading →