Mundell Calls For Single Unit Of Account
NEWS
WASHINGTON DC -- Robert Mundell, 1999 Nobel Prize winner for economics, has repeated his calls for a universal unit of account.
Mundell, the Canadian born professor of economics at Columbia university, New York, said at an International Monetary Fund (IMF) forum last week in Washington DC, that a fixed exchange rate between the G3 currencies -- the US dollar, the euro and the yen --would provide a platform for the subsequent development of a universal currency.
Mundell told FX Week that he wasn't
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