Robert·A· Mundell , afterawardedthe Nobellaurel of economicsin 1999, predicted thatthere would be three monetary zones in the comingtenyears: Eurodollar zone, USD zone, Asiandollar zone.
It took Laurelthree top-level meetings -- one in Manila and two in Madrid, including one attended by Ramos -- to convince the Spaniards to participate.