The Nobel laureate, "Father Euro" Robert Mandell died

The Nobel Prize Laureate for Economics, one of the Euro Fathers Robert Mandell died at the age of 88. This was reported by Bloomberg, referring to the representative of Colombian University, where Mandell was an honorary professor.

As Forbes clarifies , Mandell died on April 4 in Italy, in Tuscany, where he lived in recent years.

Robert Mandella is considered an ideological inspirer of creating a single currency for Europe . Since the beginning of the 1960s, he supported the idea of a pan-European economic and currency union and has developed a theoretical basis for the introduction of the euro.

In 1999, Mandell received the Nobel Prize for Economics for his theory that flexible markets are needed for the success of the zone with a single currency, including the free movement of labor and capital.

The award was the result of a scientist to create an ideal model of an open economy for small countries.

Mandell was born in 1932 in the city of Kingston in the Canadian province of Ontario. He studied at Vancouver, Seattle and the London School of Economics. Since 1974, until his death, he was a professor at Columbia University.