Economist Robert Mundell is known as one of the architects of the euro. According to media reports, he died during Easter at the age of 88.
His death was confirmed in the office of the mayor of Monteriggioni near Siena, Italy on Tuesday.
This Canadian scientist won the Nobel Prize in Economics in 1999 for his pioneering work in the field of currency dynamics and optimal currencies. He owns a residence in that Tuscany city.
Mandel’s research work is considered to be the theoretical basis for the introduction of currency across countries. Therefore, many people classify him as the “father of the euro.”
This economist was born in Canada on October 24, 1932, and spent most of his academic career in the United States. He teaches at Columbia University in New York. His analysis of monetary and fiscal policies still has a significant impact on economists and politicians in many countries.
According to the Italian news agency ANSA, Mundell has been living with his family in a property in Santa Colomba village in Monteriggioni for some time in “Beloved Italy”. He died there.
The former president of the European Central Bank and current Italian Prime Minister Draghi called Mondela “the smartest and most influential economist of this generation” on Tuesday.