2013-06-04gulfnews.com

``Robert Mundell, an economist and a 1999 Nobel Prize winner, and current professor at Columbia University and advisor to the Chinese government, has called for a new global currency, saying that the dollar era had "gone with the wind". He calls for a new international "cocktail or basket of major world currencies" -- It's interesting to note that he faits the standardization and overvaluation of the dollar and its cut from gold, though it's not clear if he's calling for gold to be a component of a new "currency basket"...


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