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March 10, 2010
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As current president of the G-20, South Korea has been busy promoting an apparently novel solution to the global trade imbalances that helped pave the way for the recent international financial crisis: an international currency swap regime. But how would such an arrangement work, and could it actually help correct current imbalances? As important, is there any chance this idea will get off the ground?

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From the Editors

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BAGRAM, Afghanistan -- Forces making up the "Afghan Surge" are now arriving in Afghanistan, with many feeding ongoing NATO offensives in the southern provinces of Kandahar and Helmand. But there's a downside to the Afghan surge. As "clear and hold" becomes NATO's new mantra, the "clear" part is receiving the bulk of the resources, while in provinces like Parwan, soldiers doing the "holding" are stretched thin.

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