Capital in the Twenty-First Century

Thomas Piketty, a professor at the Paris School of Economics, has written an international best-selling book that has won praise for its analysis of the sources of inequality in society. Capital in the Twenty-First Century, originally published in French, has…

Expanding Role for Chinese Renminbi

The Chinese Renminbi (RMB) is emerging as a new global currency. Internationalization of the RMB began in 2009 with the launch of the RMB Cross-Border Trade Settlement Pilot Scheme by Chinese authorities. Under the terms of this initiative cross-border transactions…