The Future of China's Currency
China has begun internationalizing the renminbi, raising the possibility that China may soon become a major supplier of the world's reserve currency. In this series of CGS-IIGG working papers, experts consider what the consequences of this process might be for both China and the global financial system.
No, Brad DeLong, There Is No Draghi Claus
Benn Steil's Forbes op-ed explains why central banks, in spite of their money-printing powers, ultimately need real capital.
