Peter Garber delves into China's offshore currency market to understand what drives its growth and what it means for further liberalization of the renminbi.

Jeffrey Frankel looks to history as a guide in determining the renminbi’s prospects for becoming an international currency.

Robert McCauley asks whether Chinese officials can guide the renminbi to internationalization while preserving their influence over credit growth and allocation.

Takatoshi Ito charts the renminbi’s progress toward becoming an international currency and discusses what steps China should take to complete the process.

Alan Taylor explores what benefits the global monetary system could expect from an internationalized renminbi.

Paul D. Williams assesses Africa's growing strategic importance to the United States, while clarifying how the African Union (AU) is poised to be a U.S. partner on the continent. Citing numerous challenges facing the AU regarding conflict management capabilities, this Working Paper enumerates practical policy recommendations for capacity-building in this area.

This is a joint report from CFR and Aspen Institute India detailing policy recommendations by high-level U.S. and Indian strategists for the U.S.-India relationship.

Emma L. Belcher recommends strengthening the Proliferation Security Initiative and adopting its model for other agreements in order to advance U.S. interests in preventing proliferation and provide a useful framework to mobilize international action on important global issues.

Highs and volatile energy prices have driven the regulation of commodity financial markets to the forefront of the U.S. and G20 policy agendas, including the upcoming 2011 G20 meeting in France. Integrated commodity markets require international policy coordination, but not all policy initiatives are equally desirable. Improving Energy Market Regulation: Domestic and International Issues examines a range of policy options at both the domestic and international levels.

This essay analyzes recent political and economic trends in Europe, as European Union member states--and Germany in particular--deprioritize the goal of integration.

This essay examines the state of the European Union post-eurozone crisis, and assesses the European Union's prospects as a model for regional integration efforts around the globe.

This essay assesses the causes and consequences of the renationalization of politics in the European Union.

This essay assesses the need for deeper integration in the European Union, while questioning where the current European leadership has the vision to implement such reforms in the wake of the euro crisis.

This essay examines the historical roots of the eurozone crisis, tracing the roots of ongoing political and economic problems back to agreements that were made around German reunification in 1989.

This Working Paper examines alternatives to the current global governance frameworks for addressing climate change.

This Working Paper, sponsored by CFR's International Institutions and Global Governance program, examines the complicated landscape of global health governance, assesses the capabilities of existing institutions, and recommends more effective strategies for policy implementation.

This International Institutions and Global Governance program Working Paper argues that current U.S. political will to reduce nuclear dangers should be channeled into a practical set of control measures that are more likely to secure bipartisan support and can begin to be implemented without the legal consent of other states.

Most discussions about using international institutions to address climate change focus narrowly on the work of the United Nations Framework Convention on Climate Change. However, many other international institutions also have a significant role to play in mitigating and adapting to the effects of climate change. This paper examines the existing climate-related efforts and capabilities, as well as the future potential, of a variety of international institutions, including those that deal with environment, energy, and economics. While there are still major shortfalls, the paper argues that there is significant existing institutional capacity to draw from in addressing climate change.

This International Institutions and Global Governance program Working Paper offers suggestions to strengthen the nuclear security regime and achieve the four-year goal set by President Obama to secure all vulnerable nuclear materials around the world.

In this CGS/IIGG Working Paper, Jeffry A. Frieden reviews the historical record on the political fallout from the unraveling of macroeconomic imbalances. He warns that the coming adjustments may test the capacity of national governments and international institutions to maintain an open international economic order.