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. We need a giant of economics to help explain all this and recommend a remedy. The House of Representatives had just passed a … Robert Mundell was made Doctor Honoris Causa in the Political Economy of Markets at the University of Bologna, the oldest university in Europe. “We’re in very serious danger. Gold is soaring as the dollar slides, and economists debate whether the biggest threat to U.S. recovery is deflation or inflation. 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. 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 … On the afternoon of June 21, Professor Mundell delivered a speech entitled “Financial Crisis and the Prospect of International Monetary System” to about 600 teachers and students on North Campus of Hunan University. 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. 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. (Sep., 1961), pp. Joseph Stiglitz, Robert Mundell, Edward Prescott discuss alternatives to the crisis and Brazil’s role. The optimal size of a currency area involves balancing these two considerations. Here is an edited version of their conversation. [source: Hunan University], Professor Robert Mundell urges gold convertibility for the euro, the currency which he fathered, as well as for the dollar. Welcome to Robert Mundell's Home Page more portraits 1999 Nobel Laureate Nobel Lecture CEMA2000 Lecture. The Father of a One World Currency. Thought leaders are abandoning “old monetarism,” which was vainly fixated on quantity. Mundell discussed the potential application of this to the European countries some 30 years before the euro was introduced. Dept. Greg Palast. 51, No. The Nobel Laureates Beijing Forum 2009 is opened in Beijing, capital of China, Nov. 10, 2009. “The Nobel prize is a big deal. 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. Hanke of Johns Hopkins University said Greece’s “death spiral” will end in default if debt obligations can’t be renegotiated. ... 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. One world, one money? It is a contribution to a special issue of Review of International Economics.". (Source: Bloomberg) [More…]. 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. 657-665. Nobel laureate Robert Mundell talks with Bloomberg’s Sara Eisen about the euro. Ankara, Turkey, April 2008. journal = "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. [More…], Bologna, September 2006. [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. Exchange rates fluctuate wildly among the world’s major trade partners, spawning talk of protectionism and a currency war. @article{51801aacefea406cbd6fdde11e6c3837. [Bloomberg.com], New York, February 2010. In October 1999, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert A. Mundell. 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. This essay is a short introduction to the work of Robert A. Mundell, winner of the Nobel Prize for Economics in 1999. Weekend Interview: Robert Mundell on Currency, Where To From Here? Columbia University . Manilla, November 2007. The Nobel Committee cited Mundell "for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas." Robert Mundell of Columbia University is the 1999 Nobel Laureate in Economics. 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. Nobel laureate and economist Robert Mundell, supply-sider-in-chief and China's new Confucius, is unequivocal. This article originally appeared on The Guardian The idea that the euro has "failed" is dangerously naive. 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. 35(3), pages 459-462. In the academic world, it’s the ultimate prestige. [100 Years of the American Economic Review: The Top 20 Articles], Hong Kong, Nov 19, 2010. 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). Mundell, Robert, 2013. Robert Mundell will be taking part in the three-day Nobel Laureates Beijing Forum 2006, sponsored by the Chinese Academy of Sciences. Mundell also discusses Greece’s fiscal problems, the dollar and European monetary policy. New World Order / Europe / Banking Industry / Nature/Environment / Peace / World Peace / Safety and Security / Politics / Governments / Law / Taxes / Wealth / Prosperity / Barack Obama / Robert Mundell. Currently, he is a professor of economics at Columbia University and the Chinese University of Hong Kong. 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]. June 9, 2007 12:01 am ET HONG KONG -- As the audience at the Asia Society's May gala dinner here … Articles. Robert Alexander Mundell, CC (born October 24, 1932) is a Canadian economist.Currently, he is a professor of economics at Columbia University and the Chinese University of Hong Kong.Mundell is also known for the Mundell–Fleming model and Mundell–Tobin effect.. OPTIMUM CURRENCY AREAS Robert A. Mundell. [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. Mundell is also known for the Mundell–Fleming model and Mundell–Tobin effect. Four Nobel laureates in economics and other world famous experts were invited to the forum to discuss topics on financial reconstruction and economic revitalization. title = "Robert A. Mundell: A profile". Theory of International Trade: One fundamental corollary of the celebrated Heckscher-Ohlin … Research output: Contribution to journal › Article › peer-review. 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 … Mundell, a Columbia University professor, said the European Union should cap gains of its currency so that it doesn’t exceed $1.40. Where in the world is Robert Mundell when you need him? [Sina], Sao Paulo, Brazil, November 2009. 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. Articles by this author. Robert Mundell isn't in the habit of making fruitless policy recommendations, though some take a long time ripening. Extended version of a luncheon speech presented at the AConference on Optimum Currency Areas,@ Tel-Aviv University, December 5, 1997 . [More…]. Introduction Robert Mundell richly deserves a Nobel Memorial Prize in Economics. 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. Robert Mundell (born in 1932) is a Canadian economist and professor at Columbia University. 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. [MarketWatch.com], Global monetary relations are in disarray. 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