Mundell discussed the potential application of this to the European countries some 30 years before the euro was introduced. "International policy coordination and transmission," Journal of Policy Modeling, Elsevier, vol. Exchange rates fluctuate wildly among the world’s major trade partners, spawning talk of protectionism and a currency war. Gold is soaring as the dollar slides, and economists debate whether the biggest threat to U.S. recovery is deflation or inflation. *This article was published in a slightly revised form under the heading, "Robert Mundell, le Nobel d'économie qui a fondé théoriquement l'Euro" [Robert Mundell, Economics Nobelist and Theoretical Founder of the Euro] Le Temps, December 13, 1999 1 R.A. Mundell, "A Theory of Optimum Currency Areas," American Economic Review, November 1961. Robert Mundell gave a report entitled “The Evolution of the International Monetary System and Its Relationship with China” at the Capital University of Economics and Business in Beijing. [More…], Nobel Laureate Robert Mundell, known as the father of the Euro and Supply Side Economics, shares his thoughts on the influence of currency policies on the financial crisis. ASJC Scopus subject areas Geography, Planning and Development The AER, a general-interest economics journal with articles on a broad range of topics, is among the nation’s oldest and most respected scholarly journals in the economics profession. For some time now the world has heard talk of the euro’s demise and of a grim — and perhaps even well-deserved — collapse of the great European dream of monetary and economic union. [More…], St. Petersburg, Russia, June 2009. Few economists inspire such devotion and fury as Professor Mundell. Professor Mundell is not an Austrian (he is usually considered to be a Supply-Sider) but he is in print defending the classical gold standard; for current reform purposes, he favors only a watered-down version. [Source: Forbes]  [More…], Bloomberg Television’s “Taking Stock.” Pimm Fox talks with Mark Grant, managing director at Southwest Securities Inc., and Nobel Prize-winning economist Robert Mundell of Columbia University talk about the outlook for Mario Draghi as president of the European Central Bank, the role of gold in the global monetary system and the possibility that Greece may withdraw from the euro. [More…], After all these years, I have finally been able to sit down for an hour with Robert Mundell, the great theorist of currency unions and the godfather of the euro. See if you can make people laugh a little; I sang a verse from My Way, and that seemed to do the trick. The Father of a One World Currency. According to Professor Mundell, since euro zone and US dollar zone have taken up 40 percent of the world economy, a stable exchange rate between euros and US dollars can promote the development of global economy. Theory of International Trade: One fundamental corollary of the celebrated Heckscher-Ohlin … In A plan for a European Currency, a 1969 unpublished paper recently rediscovered, Robert Mundell outlines his vision for a European Currency. journal = "Review of International Economics". This article originally appeared on The Guardian The idea that the euro has "failed" is dangerously naive. The Works of Robert Mundell Optimum Currency Areas “The question Mundell posed in his article on “optimum currency areas” (1961) therefore seemed radical: when is it advantageous for a number of regions to relinquish their monetary sovereignty in favor of a common currency?” For the euro’s legion of skeptics, the breakup of the euro is seen as the right solution to the fiscal and banking crises that have now dragged down the world economy for more than three years. Welcome to Robert Mundell's Home Page more portraits 1999 Nobel Laureate Nobel Lecture CEMA2000 Lecture. [100 Years of the American Economic Review: The Top 20 Articles], Hong Kong, Nov 19, 2010. In his 2012 article "Robert Mundell, evil genius of the euro", Greg Palast affirms that Mundell advocated for the Euro because its implementation would have the effect of … The sub-prime mortgage crisis is certainly an American phenomenon that created the major problems, believes Robert Mundell, Professor of Economics at Columbia University and a Nobel laureate who gave an exclusive interview to RT at the St. Petersburg Economic Forum. Mundell is also known for the Mundell–Fleming model and Mundell–Tobin effect. Nobel Prize-winning economist Robert Mundell says China’s currency has strengthened to the stage where it is “almost de facto convertible” and should be included in the international reserve basket held by the International Monetary Fund (IMF). His [Bloomberg.com], New York, February 2010. Weekend Interview: Robert Mundell on Currency, Where To From Here? In October 1999, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert A. Mundell. Nobel laureate and economist Robert Mundell, supply-sider-in-chief and China's new Confucius, is unequivocal. 17 Oct, 2009. title = "Robert A. Mundell: A profile". That progenitor is … Robert A. Mundell 1932- R obert Mundell was awarded the 1999 Nobel Prize in economics “for his analysis of monetary and fiscal policy under different exchange rate … Together they form a unique fingerprint. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do. Mundell, who won the economics prize in 1999, predicted debt restructuring for “one or two” euro nations within five years. Professor Robert Mundell from Columbia University, the father of Euro and Nobel Prize Laureate in Economics in 1999, paid a 3-day academic visit to the Finance and Statistics College of Hunan University from June 20 to 22. We need a giant of economics to help explain all this and recommend a remedy. June 9, 2007 12:01 am ET HONG KONG -- As the audience at the Asia Society's May gala dinner here … It is a contribution to a special issue of Review of International Economics. One of the most important events of the year at UCLA, the lectures provide a special forum for outstanding students of international economics and policy to present their thoughts and research on issues like those that Arnold C. Harberger himself has addressed. [More…], Bologna, September 2006. It is a great satisfaction to be the recipient of so much kindness occasioned by my 1961 article on optimum currency areas. [Sina], Sao Paulo, Brazil, November 2009. Mundell, you may remember, was a leading supply-sider in the Reagan revolution. To commemorate the 100th anniversary, the American Economic Review centenary issue will include a paper on the 20 most important articles from the AER’s first 100 years of publishing. Robert Mundell, evil genius of the euro. Creation of the euro, among other developments, has increasingly focused attention on the question of fixed exchange rates versus flexible exchange rates. The optimal size of a currency area involves balancing these two considerations. The American Economic Association (AEA) is pleased to announce the 100th anniversary of the American Economic Review (AER), first published in 1911. Professor Mundell lectured on “Economic development by fitting globalization into the national development strategy” and on “Remaking the international exchange rate system: The optimum currency area approach to a global currency” on November 15 at De La Salle University in Manila [De La Salle University], Honk Kong, June 2007. My advice: Do your best to be profound—it is, after all, a roomful of profound thinkers—but don’t try too hard. Robert Mundell is a professor of economics at Columbia University and the Chinese University of Hong Kong. UR - http://www.scopus.com/inward/record.url?scp=0035201362&partnerID=8YFLogxK, UR - http://www.scopus.com/inward/citedby.url?scp=0035201362&partnerID=8YFLogxK, Powered by Pure, Scopus & Elsevier Fingerprint Engine™ © 2021 Elsevier B.V, "We use cookies to help provide and enhance our service and tailor content. The purpose of the conference is to bring together leading research economists from among business leaders, government officials, academics, economic development practitioners and researchers. Robert Alexander Mundell, CC is a Canadian economist. Currently, he is a professor of economics at Columbia University and the Chinese University of Hong Kong. He speaks to F&D about exchange rates, the euro, his work in China, and his castle in Italy. The world is in a depression in the Big Three of America, Europe and Japan, a mini-depression that we have not seen since the 1930s,” he said, speaking at the Lindau conference, where half the world’s Nobel economist are gathered on one tiny island with cobbled streets looking across Lake Constance to the Alps. European Central Bank (ECB) and US Federal Reserve Bank can reach an agreement to intervene in the exchange rate in a certain range in order to avoid exchange rate fluctuation. As the audience at the Asia Society’s May gala dinner in Hong Kong sips their coffee, the moderator allows one more question from the audience for Nobel economics laureate Robert Mundell. This paper explains that selecting the optimal geographic area for a single currency involves balancing two considerations. Introduction Robert Mundell richly deserves a Nobel Memorial Prize in Economics. [More…]. 07 Apr 2009 Nobel Prize laureate Robert A. Mundell was named by elite Hunan University, one of the oldest colleges of higher learning in China, an honorary professor. In the academic world, it’s the ultimate prestige. It is a contribution to a special issue of Review of International Economics. The US is the biggest economy in the world, and if the blame for the global economic crisis is put on the US, it is put on the centre of the financial world – it is the same thing. This essay is a short introduction to the work of Robert A. Mundell, winner of the Nobel Prize for Economics in 1999. 35(3), pages 459-462. Robert Mundell’s 2007 speech on Optimum Currency Areas. It is a contribution to a special issue of Review of International Economics.". Brazil ’ s the ultimate prestige Nov. 10, 2009 Terence Corcoran ’ s interview with Robert of. To be the recipient of so much kindness occasioned by my 1961 article on Currency. Economic Development for the Top 20 articles ], New York, February 2010 application. 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