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Professor Robert A. Mundell |
Born in 1932, Professor Robert A. Mundell graduated from the University of British Columbia in Economics and Slavonic Studies and received his PhD from the Massachusetts Institute of Technology in 1956. He taught at Stanford University and the Johns Hopkins University School of Advanced International Studies Bologna Center before joining the International Monetary Fund in 1961. From 1966 to 1971, he was Professor of Economics at the University of Chicago. Since 1974, he has been Professor of Economics and since 2001, University Professor at Columbia University in New York. He joined The Chinese University of Hong Kong as Distinguished Professor-at-Large in 2009.
Professor Mundell prepared one of the first plans for a common currency in Europe and is known as the father of the theory of optimum currency areas. He has also played an early role in the founding of the Euro. In 1999, he received the Nobel Prize in Economic Sciences for ‘his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas’. He has also written extensively on the history of the international monetary system. His writings include over a hundred articles in scientific journals and books.