Professor Emeritus Robert Mundell of Columbia University, USA, who was called the "father of the euro" and won the Nobel Memorial Prize in Economic Sciences for laying the theoretical foundation for a single currency in Europe, has passed away.
I was 88 years old.
Robert Mundell was born in Canada in 1932, graduated from the Massachusetts Institute of Technology, and has been teaching at Columbia University since 1974.
Mandel advocated the idea that free movement of labor and capital within the region is essential for a region that has adopted a single currency to maximize its economic benefits, and the EU = European Union It is called the "father of the euro" because it laid the theoretical foundation for currency union.
In 1999, he was awarded the Nobel Prize in Economic Sciences for this achievement, and also served as an advisor to international organizations such as the IMF = International Monetary Fund and the World Bank.
According to media outlets such as the United States, Mandel died at his home in Italy on the 4th due to bile duct cancer.
I was 88 years old.