Robert Mundell predicted
A) the breakdown of the Bretton Woods fixed exchange rate system only.
B) the adoption of a single currency by a group of countries only.
C) the development of the Big Mac index.
D) both the breakdown of the Bretton Woods fixed exchange rate system and the adoption of a single currency by a group of countries.

Question

Quizplus · Accepted Answer

Robert Mundell predicted both the breakdown of the Bretton Woods fixed exchange rate system and the adoption of a single currency by a group of countries. He is known as the "father of the Euro" for his influential work on the theory of optimum currency areas, which laid the groundwork for the creation of the European single currency.

Robert Mundell Predicted