Global Economy and Risk | Emerging Markets | Banking and Financial Services
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Professor Robert A. Mundell
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Often called “The Father of the Euro”, Robert Mundell is a world-renowned economist and thought leader on the theory of international economies and for his analysis of monetary and fiscal policy. He laid the groundwork for the introduction of the euro through his pioneering work in monetary dynamics and optimum currency areas.
Robert Mundell has been a professor of economics at Columbia University, New York since 1974. He is celebrated for his work on optimal currency areas and for his work as a consultant to the Monetary Committee of the European Economic Commission (EEC) in 1970. Professor Mundell is an authority on financial markets and monetary policy. He was credited with starting the movement known as ‘supply-side economics’ and is known for the Mundell-Fleming Model and the Mundell-Tobin Effect. He received a series of awards for outstanding contributions to economic thinking, most notably the Nobel Memorial Prize in Economics (1999), but also the Guggenheim Fellowship (1971) and the Global Economics Prize World Economics Institute in Kiel, Germany (2005). He has been an advisor to China for over 20 years, guiding its economy from communism to become a significant, international financial power.
Robert Mundell has written and co-edited a number of books on economics, including The International Monetary System: Conflict and Reform (1965); Man and Economics (1968); International Economics (1968); Monetary Theory: Interest, Inflation and Growth in the World Economy (1971); The New International Monetary System (1977); Monetary Agenda for the World Economy (1983); Global Disequilibrium (1990); Debts, Deficits and Economic Performance (1991); and Building the New Europe (1992); Inflation and Growth in China (1996); The Euro as a Stabilizer in the International Monetary System (2000). He is regularly quoted in the international press and appears periodically on new TV programmes to share his insights.
Professor Mundell is keenly sought-after as a speaker at influential economic, business and financial forums around the world. He presents on topics such as; “The Euro, the Dollar and the future of the international monetary system,” “How the Euro can survive its greatest test,” “Growth prospects for the world’s economy after the financial crisis,” and “The future role of the Yuan.”
Mundell received a BA in economics from the University of British Columbia and then studied at MIT and the London School of Economics (LSE), going on to receive his PhD from MIT in 1956. Prior to his role as professor at Columbia University, he was previously Professor of Economics and editor of the Journal of Political Economy at the University of Chicago, a member of staff at the IMF and taught economics at the University of British Columbia, Stanford University, and the Johns Hopkins Bologna Center.
"Mundell chose his problems with uncommon - almost prophetic - accuracy in terms of predicting the future development of international monetary arrangements and capital markets." Nobel Committee in 1999
“A world currency of some sort has existed for most of the past 2,500 years. Two thousand years ago, in the age of Caesar Augustus, it was the Roman aureus... a hundred years ago it was the gold sovereign ... less than thirty years ago it was the 1944 gold dollar. The world has been without a universal currency for only a tiny fraction of its history.” Robert Mundell