Robert Mundell Lecture: "Is North America an Optimum Currency Area?" (Carleton University, Ottawa, Canada, 2002)

On April 4, 2002, Nobel Laureate in Economics Robert Mundell, currently University Professor Emeritus at Columbia University, delivered the Sir John A. Macdonald Lecture in Business and Public Policy at Carleton University in Ottawa, Canada. This magisterial and wide-ranging lecture covers topics including: the history of the international monetary system; fixed exchange rates and inflation targeting as alternative monetary policy rules; the theory of optimum currency areas (work for which Mundell won the Nobel Prize); recent monetary history of the US, Canada, and Mexico; monetary and exchange rate policy options for Canada; and prospects for the international monetary system. This is a must watch/read for anyone interested in the global monetary and financial system from one of the geniuses of the field, a wunderkind widely considered the most important macroeconomist of the 20th century after John Maynard Keynes.

The original, unedited lecture, as delivered by Professor Mundell, is available for viewing and download here:


An edited text of the lecture is available as a PDF download on this page.
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Vivek Dehejia,
Nov 5, 2016, 4:54 AM
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