Overview The recent rapid growth of the offshore renminbi market presents a puzzle for analysts of China's development strategy. By allowing renminbi to flow offshore uncontrolled before loosening…

Zoonotic diseases, naturally transmissible between humans and animals, have posed a growing public health threat for decades. However, existing institutional arrangements have fallen short. The wide-…

Overview How much Iranian nuclear capability is too much? The simplest answer is that any amount is unacceptable. But it is far from clear that zero enrichment is a realistic goal. To help illumin…

Overview How would the Arab states of the Middle East react if Iran were to acquire a nuclear weapons capability? In this Working Paper, sponsored by the Carnegie Corporation of New York, Michael …

Overview Corporate average fuel economy (CAFE) standards, which require automakers to achieve government-mandated targets for the efficiency of the vehicles they sell each year, can reduce U.S. re…