Main Edition
How the Erosion of U.S. War Powers Constraints Has Undermined International Law Constraints on the Use of Force
Oona A. Hathaway[*] [This essay is available in PDF at this link] The last several decades have witnessed a dramatic decline in the capacity of the U.S. Congress to constrain the president’s unilateral decisions to send the United States to war. That erosion of...
Strict Subordination: The Origins of Civil Control of Private Military Power in State Constitutions
Alden A. Fletcher[*] [This essay is available in PDF at this link] The resurgence of private militias claiming the protection of the Second Amendment raises a startling question: is the United States a country without a legal monopoly on the use of force? Perhaps not....
Back to Basics: The Benefits of Paradigmatic International Organizations
by Kristina Daugirdas & Katerina Linos[*] [Full text of this Article in PDF is available at this link] In the early 2000s, small “coalitions of the willing,” flexible networks, and nimble private-public partnerships were promoted as alternatives to bureaucratic,...
Volume 14, Issue 1
Volume 14, Issue 1 is out!
The Orkney Slew and Central Bank Digital Currencies
by Gary B. Gorton and Jeffery Y. Zhang[*] [Full text of this Article in PDF is available at this link] Introduction The advent of cryptocurrencies—particularly stablecoins, which are digital tokens that can circulate as private money—has ignited a debate on the...
It’s Not Just the Economics: Why U.S. Leadership on CBDCs Is a National Security Imperative
by Daleep Singh[*] [Speech in PDF is available at this link] Remarks delivered at the Harvard National Security Journal’s Symposium on Digital Currencies and National Security on October 14, 2022. [*] Chief Global Economist and Head of Global Macroeconomic Research at...
The U.S. Dollar and Central Bank Digital Currencies
by Christopher J. Waller[*] [Speech in PDF is available at this link] Remarks delivered at the Harvard National Security Journal’s Symposium on Digital Currenciesand National Security on October 14, 2022. [*] Member of the Board of Governors of the Federal Reserve...
A Meeting of Minds on Central Bank Digital Currencies for the United States: Commentaries from Participants in the Harvard National Security Journal’s October 14, 2022 Symposium on Digital Currencies and National Security
by Howell Jackson[*], Antionette Schoar[†], and Timothy Massad[‡] [Commentaries in PDF is available at this link] [*] James S. Reid, Jr., Professor of Law, Harvard Law School. [†] Stewart C. Myers-Horn Family Professor of Finance and Entrepreneurship, MIT Sloan School...
An Apparent Trilemma for Cross-Border Central Bank Digital Currencies
Giulia Fanti [*] [Full text of this Article in PDF is available at this link] Introduction Today, most central banks worldwide are exploring some form of central-bank digital currency (CBDC), a digital form of central bank money accessible to the public.1 There...
Cryptocurrencies and National Security: The Case of Money Laundering and Terrorism Financing
Shlomit Wagman [*] [Full text of this Article in PDF is available at this link] Introduction Cryptocurrencies can be a haven for criminals, terrorists, and sanction evaders. The early, romantic ideology underlying blockchain technology envisioned a decentralized...