Is Gold the Answer to Currency Wars and Unstable Exchange Rates
Luncheon Presentation by Robert Mundell
Nobel Prize-winning Economist and Professor of Economics, Columbia University
Robert Mundell was awarded the Nobel Prize in Economics in 1999 for his "uncommon—almost prophetic—accuracy in predicting the future development of international monetary arrangements and capital markets." Mundell's work has been hugely influential in a number of areas. He originated the theory of optimum currency areas and played a significant role in the founding of the Euro. He also formulated what became the standard international macroeconomics model; was a pioneer of the theory of the monetary and fiscal policy mix; reformulated the theory of inflation and interest; developed the monetary approach to the balance of payments; and was co-founder of supply-side economics.
Mundell has been Professor of Economics at Columbia University since 1974. He has advised many institutions including the US Federal Reserve Board, the US Treasury, the International Monetary Fund, the World Bank, the United Nations and governments in Canada, Latin America and Europe. His books include The International Monetary System: Conflict and Reform and The Euro as a Stabilizer in the International Monetary System (edited with A. Clesse). Mundell holds a BA from the University of British Columbia, an MA from the University of Washington and a PhD from the Massachusetts Institute of Technology.