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Amid increasing globalization, different economies are becoming inextricably linked and interrelated. To help the public grasp the trend of world economy, the University of Macau (UM) held on 23 February a Distinguished Seminar on the European Debt Dilemma and Its Impact on East Asia and the World Economy. Nobel laureate in economic sciences Prof. Robert A. Mundell, who is hailed as “the father of the Euro”, would be the speaker. The seminar are part of a series of academic events to be held by UM in February and March.
Prof. Mundell held that the international monetary system in the twentieth century could be divided into three stages: because every international monetary system is the result of international economic and political development within a period of time and in turn profoundly influences international political and economic development in the context of the period. At the seminar, Prof. Mundell will analyze the European debt dilemma and its impact on East Asia and world economy with remarkable insights.
Prof. Mundell has published many books and papers on the history of international monetary system and theories of international economics. He played such a pivotal role in the introduction of the Euro that he is considered “the father of the Euro” and “the father of the theory of optimum currency areas”. He formulated what became a standard international macroeconomics model; he was a pioneer of the theory of the monetary and fiscal policy mix; he reformulated the theory of inflation and interest; he was a co-developer of the monetary approach to the balance of payments. He won the Nobel Memorial Prize in Economic Sciences in 1999 for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas.
The seminar took place on 23 February (Thursday) at 10:00 am at UM’s Cultural Centre. It was conducted in English, with simultaneous interpretation into Mandarin.
Should you have any query, please feel free to contact Ms. Albee Lei at（853）8397 4325 or albeelei@um.edu.mo or visit UM webpage www.umac.mo.
