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Dr Robert A. Mundell's Nobel Lecture: "A Reconsideration of the 20th Century" (53 min.)
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Interview with Dr Robert A. Mundell, December 1999 (Hosted by the Nobel Foundation)


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Mundell-Friedman
Nobel Monetary Duel (pdf)

Optimum Currency Areas
A system of flexible exchange rates is usually presented, by its proponents, as a device whereby depreciation can take the place of unemployment when the external balance is in deficit, and appreciation can replace inflation when it is in surplus.

But the question then arises whether all existing national currencies should be flexible. Should the Ghanian pound be freed to fluctuate against all currencies or ought the present sterling area currencies remain pegged to the pound sterling? Or, supposing that the Common Market countries proceed with their plans for economic union, should these countries allow each national currency to fluctuate, or would a single currency area be preferable? The problem can be posed in a general and more revealing way by defining a currency area as a domain within which exchange rates are fixed and asking: What is the appropriate domain of a currency area?
RAM 		 

“The question Mundell posed in his article on "optimum currency areas" (1961) therefore seemed radical: when is it advantageous for a number of regions to relinquish their monetary sovereignty in favor of a common currency?" Nobel Press Release
 

Related articles by Robert A. Mundell:
 


Evolution of the International Monetary System and its Implications for China (Powerpoint Presentation) ▪ September ▪ 2006

Origin :

Presentation at the Capital University of Economics and Business in Beijing, September 6, 2006 (Note: this is a powerpoint presentation in Adobe PDF format)

57 pages - Price: $10.00 Help


The Case for an Asian Currency? ▪ November ▪ 2005

Origin :

Presentation at The Symposium on Monetary Affairs, Institute for International Monetary Affairs, Tokyo, November 12, 2005.

14 pages - Price: $10.00 Help


Currency Area Formation and the Asian Region ▪ September ▪ 2001

Origin :

Paper presented at the Conference on the Monetary Outlook in East Asia in a Changing World Monetary Order," Bangkok, September 5-6, 2001

38 pages - Price: $10.00 Help


Exchange Rates, Currency Areas and the International Financial Architecture ▪ November ▪ 2000

Origin :

Remarks delivered at an IMF panel, September 22, 2000, Prague, Czech Republic.

7 pages


Prospects and Conditions for a Single Regional Currency ▪ 2000

Origin :

Conference and Q&A, Kuala Lampur, 2000

40 pages


Does Asia Need a Common Currency? ▪ December ▪ 2000

Origin :

Speech delivered at 1st HKEA Biennal meeting, Hong Kong, December 2000

18 pages


National Economic Policies, Currency Areas and Arab Monetary Integration ▪ November ▪ 2000

Origin :

Paper prepared for the “Conference on Leadership and Nation Building” sponsored by the Emirates Center for Strategic Studies & Research, Abu Dhabi, UAE, 5-7 November 2000.

24 pages


What the Euro Means for the Dollar and the International Monetary System ▪ September ▪ 1998

Published in:

Atlantic Economic Journal , 26, No. 3, 227-237


The Impact of the Euro on the International Monetary System ▪ April-June ▪ 1998

Published in:

The International Spectator , XXXIII,No. 2


Monetary Policies for the New Europe ▪ 1991

Published in:

Rivista di Politica Economica , 21, No. 5, 71-88.


The Geography of Inflation and the Reform of the Gold Standard ▪ 1976

Published in:

Geographical Aspects of Inflation ProcessesAmerican Geographical Society


Optimum Currency Areas and National Policy Mix ▪ 1975

Published in:

Economic Notes


A European Reserve Fund ▪ October ▪ 1973

Published in:

Study Group on Economic and Monetary Union: European Economic Integration and Monetary UnificationBrussels: Economic Communities


The International Monetary System and the European Region ▪ 1973

Published in:

Institut Universitaire de Hautes Etudes Internationales , no.11


A Plan for a European Currency ▪ 1973

Published in:

The Economics of Common CurrenciesLondon: George Allen & Unwin Ltd , 143-173

Edited by:

H. Johnson and A. Swoboda


Uncommon Arguments for Common Currencies ▪ 1973

Published in:

The Economics of Common CurrenciesLondon: George Allen & Unwin Ltd. , 114-132

Edited by:

H. Johnson and A. Swoboda


The Future of the International Financial System ▪ 1972

Published in:

Bretton Woods RevisitedToronto: University of Toronto Press , 91-104

Edited by:

A. Acheson, J. Chant, M. Prachowny


The Choice of Monetary Systems: African Currency Problems ▪ 1972

Published in:

Africa and Monetary IntegrationMontreal: Les Editions HRW , 363-368

Edited by:

R. Tremblay


African Trade, Politics and Money ▪ 1972

Published in:

Africa and Monetary IntegrationMontreal: Les Editions HRW , 11-67

Edited by:

R. Tremblay


A Theory of Optimum Currency Areas ▪ November ▪ 1961

Published in:

The American Economic Review

10 pages - Price: $10.00 Help

Also in :

International Economics