Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. This is a joint post with Stephen Paduano. An SDR-denominated, dollar, euro, yen, ...

A hybrid capital instrument is a financial instrument with perpetual maturity that has both debt and equity properties. Such instruments are specifically designed to be subordinated to other types of ...

Washington, DC: The Executive Board of the International Monetary Fund (IMF) authorized on May 10 the use of Special Drawing Rights (SDRs) by IMF members for the acquisition of hybrid capital ...

There is a new breed of RF receivers known as software-defined radios, and they are revolutionizing the way in which people listen to shortwave (SW) radio, or indeed any form of radio broadcast. SDRs ...