One of the most important international economic theoreticians is Robert Mundell, from Columbia University. He is one of the Mundell-Fleming model’s authors, one of the most important models, in conventional macroeconomics, portraying the relationship between the nominal exchange rate and an economy’s output. It is the “Inconsistent Trinity’s” - the notion that an economy cannot at the same time maintain an independent monetary policy, a fixed exchange rate, and free capital movement – theoretical base. He is also one of the fathers of the Optimal Curr...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our
SUBSCRIPTION section