…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. [More…], Bologna, September 2006. Few economists inspire such devotion and fury as Professor Mundell. Currently, he is a professor of economics at Columbia University and the Chinese University of Hong Kong. This is a major step forward. [More…], St. Petersburg, Russia, June 2009. This paper explains that selecting the optimal geographic area for a single currency involves balancing two considerations. 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. 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. In A plan for a European Currency, a 1969 unpublished paper recently rediscovered, Robert Mundell outlines his vision for a European Currency. In October 1999, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert A. Mundell. [International Monetary Fund]. See if you can make people laugh a little; I sang a verse from My Way, and that seemed to do the trick. Robert Mundell, a Nobel Prize-winning economist, has called for the International Monetary Fund to add the renminbi to the list of currencies represented in its special-drawing-rights (SDRs) basket. [Bloomberg.com], New York, February 2010. Together they form a unique fingerprint. “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. "International policy coordination and transmission," Journal of Policy Modeling, Elsevier, vol. 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?” Hanke of Johns Hopkins University said Greece’s “death spiral” will end in default if debt obligations can’t be renegotiated. Tel: +1 (510) 642-6609, Fax: +1 (510) 642-4700, E-mail: arose@haas.berkeley.edu. Mundell, who won the economics prize in 1999, predicted debt restructuring for “one or two” euro nations within five years. Mundell discussed the potential application of this to the European countries some 30 years before the euro was introduced. This article originally appeared on The Guardian The idea that the euro has "failed" is dangerously naive. Columbia University . 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. Robert Mundell and the Yuan Riddle By Hugo Restall. 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. 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. 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). Nobel laureate Robert Mundell talks with Bloomberg’s Sara Eisen about the euro. 17 Oct, 2009. / 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 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. [Business Week], Beijing, September 2006. Ankara, Turkey, April 2008. 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. Articles. 07 Apr 2009 Mundell, you may remember, was a leading supply-sider in the Reagan revolution. 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. Articles by this author. 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. OPTIMUM CURRENCY AREAS Robert A. Mundell. Robert A. Mundell : A profile. Welcome to Robert Mundell's Home Page more portraits 1999 Nobel Laureate Nobel Lecture CEMA2000 Lecture. robert-mundell. [Bloomberg.com], Beijing, November 2009. Robert Mundell, evil genius of the euro. 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. That progenitor is … The Second Annual Conference on Current Issues in Economic Governance was held at Bilkent, Ankara, Turkey, April 2-3 , 2008. The Nobel Laureates Beijing Forum 2009 is opened in Beijing, capital of China, Nov. 10, 2009. Robert Mundell will be taking part in the three-day Nobel Laureates Beijing Forum 2006, sponsored by the Chinese Academy of Sciences. Hunan University is best known for its Yuelu Academy, founded in 976, where the cream of Chinese culture, including Confucian classics, courtesy, writing and calligraphic skills, are taught. 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. Mundell, Robert, 2013. 2. [MarketWatch.com], Global monetary relations are in disarray. AB - This essay is a short introduction to the work of Robert A. Mundell, winner of the Nobel Prize for Economics in 1999. Read the Financial Post article and Terence Corcoran’s interview with Robert Mundell. journal = "Review of International Economics". The American Economic Association (AEA) is pleased to announce the 100th anniversary of the American Economic Review (AER), first published in 1911. of Economics Columbia University New York, NY10027 U.S.A. ram15@columbia.edu. (Source: Bloomberg) [More…]. We need a giant of economics to help explain all this and recommend a remedy. It is a contribution to a special issue of Review of International Economics. Get smart with the Thesis WordPress Theme from DIYthemes. [Sina], Sao Paulo, Brazil, November 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. 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