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Robert Alexander
Mundell
Robert Alexander Mundell, is a Nobel
Prize-winning Canadian economist. Mundell is a professor of economics at
Columbia University and the Chinese University of Hong Kong.
He was born in Kingston, Canada. He studied at the British Columbia
University. He attended MIT in USA and then the London School of Economics,
where he completed his education. In 1956 he received a doctorate at MIT, where
he presented his thesis about international money movements.
He taught in Columbia University and in the School of Advanced
International Studies, in both places as economist.
In 2005 he received the “Global
Economist” award from the Institute of World Economics in Kiel, Germany.
His work on optimum currency areas is considered the basic framework in
which The Euro area was built. The basic idea of his thesis is: “Any particular
region inside a currency area, if you want to maintain a level of employ, real
salaries should be reduced or should promove the mobility of the labor factor”