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Nobel Prize winning economist Robert Mundell dies in Italy at 88

Many observers include him among the fathers of the euro.

Robert MundellRobert Mundell, Nobel Prize winning economist, is no more - OyeYeah News

Nobel Prize-winning economist Robert Mundell, also regarded as one of the “fathers of the euro,” dies in Italy at 88.

As being reported, Robert Mundell, was at his vacation home near the Tuscan city of Siena when he died on Sunday.

However, the news of his death could not have been reported on the same day.

Mundell who was born in Canada was awarded the Nobel Memorial Prize in Economic Sciences in 1999 for what the Nobel Committee referred to as “his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas.”

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He is best known for laying the groundwork for the euro starting in the 1960s, publishing articles that created the foundation for the European Economic and Monetary Union, the legal and economic framework that the euro currency is based on.

International Monetary Fund lists the economist as “a pioneer of modern international economics” who “developed the modern theory of optimal currency areas, and many observers include him among the fathers of the euro”.

the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.