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He recommends that a global currency and world central bank be created to establish a stable international currency.

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13y ago
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1mo ago

Robert Mundell, a Nobel laureate economist, has previously recommended a system of fixed exchange rates using gold as a reference point, known as the "gold standard," as an alternative to the IMF. He believes this would help stabilize global currencies and prevent financial crises.

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Q: What does economist Robert Mundell recommend should replace the IMF?
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Nobel-prize-winning economist Robert Mundell has taken the position that current IMF policy options are insufficient to achieve stable international currency exchange and thereby foster international trade.


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