This essay is a short introduction to the work of Robert A. Mundell, winner of the Nobel Prize for Economics in 1999. Mundell, a Columbia University professor, said the European Union should cap gains of its currency so that it doesn’t exceed $1.40. A Theory of Optimum Currency Areas (1961), by Robert Mundell, was selected for the Top 20. Macroeconomic stability is enhanced if the currency area has a high degree of internal factor mobility relative to the cross-border factor mobility. Articles. Robert Mundell and the Yuan Riddle By Hugo Restall. 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. And when the young Canadian economist Robert Mundell did his most influential work, in the early 1960s, it was arguably the Canadian difference that inspired him to think outside the box. Mundell, who won the economics prize in 1999, predicted debt restructuring for “one or two” euro nations within five years. DABBING at a huge oil painting in his Morningside Heights apartment last month, Robert A. Mundell was gloating. China has not been in this and should be,” said Professor Mundell, predicting that the renminbi is likely to be central to the IMF SDR review in 2011. He said that China can also join the mechanism of a stable exchange rate after the full convertibility of RMB under the guidance of a more prudent and consistent monetary policy. Robert A. Mundell, Winner of the 1999 Nobel Memorial Prize in Economics1 Andrew K. Rose January 27, 2000 Haas School of Business, Berkeley, CA USA 94720-1900. We need a giant of economics to help explain all this and recommend a remedy. 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. 4. 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. [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. "International policy coordination and transmission," Journal of Policy Modeling, Elsevier, vol. Rather than address the causes of the current turmoil, which began with the bursting of U.S. housing bubble and has become a serious global financial crisis, the participants analyze what are the challenges to overcome it. 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. Weekend Interview: Robert Mundell on Currency, Where To From Here? Mundell discussed the potential application of this to the European countries some 30 years before the euro was introduced. He speaks to F&D about exchange rates, the euro, his work in China, and his castle in Italy. [Bloomberg.com], Beijing, November 2009. June 9, 2007 12:01 am ET HONG KONG -- As the audience at the Asia Society's May gala dinner here … The House of Representatives had just passed a … [Bloomberg.com], New York, February 2010. [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. *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 (born in 1932) is a Canadian economist and professor at Columbia University. Robert Alexander Mundell, CC is a Canadian economist. title = "Robert A. Mundell: A profile". This is a major step forward. 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. (Sep., 1961), pp. 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. It is a contribution to a special issue of Review of International Economics. This article originally appeared on The Guardian The idea that the euro has "failed" is dangerously naive. [Business Week], Beijing, September 2006. [Sina], Sao Paulo, Brazil, November 2009. 657-665. robert-mundell. This is the second in a series of articles surveying the contributions of recent recipients of the Nobel Memorial Prize in Economics. In October 1999, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert A. Mundell. 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. ... prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Robert A. Mundell : A profile. Tel: +1 (510) 642-6609, Fax: +1 (510) 642-4700, E-mail: arose@haas.berkeley.edu. In A plan for a European Currency, a 1969 unpublished paper recently rediscovered, Robert Mundell outlines his vision for a European Currency. [More…], Beijing, May 2006. Mundell on Supply-Side Economics: Following are excerpts from an article Robert Mundell published in the July-August 1990 issue of the Rivista di Politica Economica, an Italian economics journal. Four Nobel laureates in economics and other world famous experts were invited to the forum to discuss topics on financial reconstruction and economic revitalization. Robert Mundell is a professor of economics at Columbia University and the Chinese University of Hong Kong. Read "Robert A. Mundell: A Profile, Review of International Economics" on DeepDyve, the largest online rental service for scholarly research with thousands of academic publications available at your fingertips. Robert Mundell’s speech on Imported Inflation and the Future of the Dollar. Ankara, Turkey, April 2008. 35(3), pages 459-462. New World Order / Europe / Banking Industry / Nature/Environment / Peace / World Peace / Safety and Security / Politics / Governments / Law / Taxes / Wealth / Prosperity / Barack Obama / Robert Mundell. That progenitor is … New York, May 2010. This paper explains that selecting the optimal geographic area for a single currency involves balancing two considerations. Nobel laureate and economist Robert Mundell, supply-sider-in-chief and China's new Confucius, is unequivocal. 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. Together they form a unique fingerprint. ASJC Scopus subject areas Geography, Planning and Development [MarketWatch.com], Global monetary relations are in disarray. Manilla, November 2007. The Wall Street Journal March 24, 1998 The Case for the Euro--I By ROBERT MUNDELL The Wall Street Journal March 25, 1998 The Case for the Euro--II This essay is a short introduction to the work of Robert A. Mundell, winner of the Nobel Prize for Economics in 1999. Greece Faces Inevitable Debt Restructuring or Default, Mundell Say, Robert Mundell Bloomberg Interview on Euro, Greek Fiscal Woes, Dollar, Global Currency, Robert Mundell at the Exame forum in Brazil, Mundell on Russia Today: when the dollar went up, the markets went down, Discussion with Nobel Laureate Robert Mundell of Columbia University, Bloomberg, Robert Mundell’s speech on Imported Inflation and the Future of the Dollar, Robert Mundell’s 2007 speech on Optimum Currency Areas, Robert Mundell’s keynote at De La Salle University, Far Eastern Economic Review: Satisfy China’s Demand for Money, Business Week: A Nobel Winner’s Rx for China, The evolution of the International Monetary System and its relationship with China, Nobel Laureates Beijing Forum 2006: Life Sciences and Human Health, Robert Mundell receives Honorary Degree from the University of Bologna, Finance and Development, a quarterly magazine of the IMF, interviews Robert Mundell, Chinese university names “father of euro” honorary professor, Robert Mundell will present the 2001-2002 Arnold C. Harberger Lecture. Mundell also discusses Greece’s fiscal problems, the dollar and European monetary policy. 51, No. Theory of International Trade: One fundamental corollary of the celebrated Heckscher-Ohlin … Robert Mundell isn't in the habit of making fruitless policy recommendations, though some take a long time ripening. Robert Mundell’s 2007 speech on Optimum Currency Areas. The purpose of the conference is to bring together leading research economists from among business leaders, government officials, academics, economic development practitioners and researchers. …theory, culminating in Canadian-born economist Robert A. Mundell ’s winning the Nobel Prize in Economic Sciences in 1999—the same year that the euro was introduced as a noncash monetary unit. Exchange rates fluctuate wildly among the world’s major trade partners, spawning talk of protectionism and a currency war. Chinese-born Lee Tsung-dao, winner of the 1957 Nobel prize for physics, Robert Huber and Hartmut Michel, who shared the 1988 chemistry prize, Ferid Murad and Louis Ignarro, who shared the 1998 medicine prize, and Aaron Ciechanover, winner of the 2004 chemistry prize, will also attend the forum. 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. Robert A. Mundell's 57 research works with 1,214 citations and 1,364 reads, including: International policy coordination and transmission It is a contribution to a special issue of Review of International Economics. 07 Apr 2009 [Far East Economic Review], The Columbia University economics professor spoke with Asia Correspondent Frederik Balfour on May 4, during a swing through Hong Kong, about how Beijing should deal with China’s burgeoning global trade surplus and the dangers of allowing the yuan to appreciate too rapidly. A Chinese gentleman stands to ask how much longer the U.S. dollar would remain the world’s reserve currency. In several papers published in the early 1960s – reprinted in his book International Economics (1968) – Robert Mundell developed his analysis of monetary and fiscal policy, so … [More…]. 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. 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). Emerging Markets and Transition Economies, History of the International Monetary System, Interview, Journal of Economic Perspectives, Robert Mundell Interview by Jude Wanniski, 1974, Robert Mundell’s plan for a European Currency, 1969, Terence Corcoran: Snakes at the end of euro tunnel, Terence Corcoran’s interview with Robert Mundell, Robert Mundell: How to Accept a Nobel Prize, The Economist: Robert Mundell on Global Finance, Professor Mundell, Euro, And ‘Pessimal Currency Areas’, Robert Mundell Sees `Double-Dip Slowdown,’ No Recession, Central Banking Journal Interviews Robert Mundell On Europe, Professor Robert Mundell Delivers Seminar in Hunan University, Robert Mundell on Pimm Fox’s Bloomberg Television, Mundell’s Theory of Optimum Currency Areas in top 20 of 100 years of American Economic Review, 100 Years of the American Economic Review: The Top 20 Articles, Economist Robert Mundell: Add Renminbi to IMF Reserve. “I think we’re in a double-dip slowdown, I don’t see a recession coming,” Mundell told Francine Lacqua on Bloomberg Television’s “On The Move” today from in Lindau, Germany. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do. Los Angeles, USA, April 2002. With the theme “Global Crisis and Alternatives for Reconstruction of the Economy”, the forum provides an overview of the current crisis. One world, one money? Gold is soaring as the dollar slides, and economists debate whether the biggest threat to U.S. recovery is deflation or inflation. [International Monetary Fund]. 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 … [source: Hunan University], Professor Robert Mundell urges gold convertibility for the euro, the currency which he fathered, as well as for the dollar. As it turns out, Mr. Mundell—the Columbia University professor who advocated the hard-money, low-tax policy mix that broke stagflation in the early 1980s, and who received the Nobel Prize … [Wall Street Journal]. Get smart with the Thesis WordPress Theme from DIYthemes. (Source: Bloomberg) [More…]. @article{51801aacefea406cbd6fdde11e6c3837. Joseph Stiglitz, Robert Mundell, Edward Prescott  discuss alternatives to the crisis and Brazil’s role. Mundell, Robert, 2013. Nobel Prize winning economist Robert Mundell said debt restructuring may be “inevitable” in parts of the euro area and Steve Hanke, the architect of currency regimes from Argentina to Estonia, warned a Greek default may become unavoidable. 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. [100 Years of the American Economic Review: The Top 20 Articles], Hong Kong, Nov 19, 2010. Columbia University . Dive into the research topics of 'Robert A. Mundell: A profile'. Research output: Contribution to journal › Article › peer-review. Read the Financial Post article and Terence Corcoran’s interview with Robert Mundell. Few economists inspire such devotion and fury as Professor Mundell. Robert Mundell of Columbia University is the 1999 Nobel Laureate in Economics. Here is an edited version of their conversation. [More…], Finance and Development, a quarterly magazine of the IMF, interviews Robert Mundell. 2. Mundell, a retired U.S. Army infantry colonel, has a long list of achievements and most of them have been gained through serving the military in some fashion. OPTIMUM CURRENCY AREAS Robert A. Mundell. [Central Banking Journal]. He speaks from Lindau, Germany, with Francine Lacqua on Bloomberg Television’s “Countdown.” Nobel laureate Robert Mundell said he doesn’t expect the U.S. or Europe to slide into recession again. It is a contribution to a special issue of Review of International Economics. abstract = "This essay is a short introduction to the work of Robert A. Mundell, winner of the Nobel Prize for Economics in 1999. Where in the world is Robert Mundell when you need him? / Connolly, M. B. N2 - This essay is a short introduction to the work of Robert A. Mundell, winner of the Nobel Prize for Economics in 1999. Mundell, Robert, 2013. 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 framed the problem of forming a currency area in purely economic terms: it amounts to a cost-benefit analysis of irrevocably… Paper Prepared for Discussion at the American Management Association Conference on Future of the International Monetary … Taken by itself, this could lead to an excessively large number of currency areas, in the sense that there would be substantial transaction costs and valuation costs involved in making cross-area purchases. Greg Palast. journal = "Review of International Economics". Exchange rates: Fixed or flexible? 17 Oct, 2009. Articles by this author. “The Nobel prize is a big deal. 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