Professor Mundell has been an adviser to a number of international agencies and organizations including the United Nations, the International Monetary Fund, the World Bank, the European Commission, and several governments in Latin America and Europe, the Federal Reserve Board, the US Treasury and the Government of Canada. Professor Mundell's writings include over a hundred articles in scientific journals and books. He prepared one of the first plans for a common currency in Europe and is known as the father of the theory of optimum currency areas. He has also written extensively on the history of the international monetary system and played a significant role in the founding of the Euro. Professor Mundell received an Honorary Professorship at Renmin University in China in 1995, the Distinguished Fellow Award from the American Economic Association in 1997, and was made a fellow of the American Academy of Arts and Sciences in 1998. In 1999, he received the Nobel Prize in Economic Sciences for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas.
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