Despite yuan’s meteoric rise, dollar will dominate

ITHACA, N.Y. – The international finance community is on the brink of what Cornell economist Eswar Prasad calls “a momentous event.” On Oct. 1, the International Monetary Fund will add China’s currency, the renminbi, to its elite basket of reserve currencies. This international stamp of approval means the renminbi – and its unit, the yuan […]

Tubman on the $20 bill mirrors American self perception

Ed Baptist, professor of history in the College of Arts and Sciences at Cornell University and author of the recent book, “The Half Has Never Been Told: Slavery and the Making of American Capitalism,” says the result of the “Women on 20s” poll to put Harriet Tubman on the $20 bill reflects how Americans want […]