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  Öffentlicher Vortrag | Public Lecture
 

Donnerstag, 25. Januar 2018 | 17 Uhr (s.t.)

The Political Economy of Monetary Solidarity: Understanding the Euro Experiment

Waltraud Schelkle, London School of Economics and Political Science

 


 

 
Monetary solidarity is not what observers would spontaneously associate with the euro experiment. Deliberate or at least consciously tolerated risk-sharing between members of a currency union – which is how monetary solidarity is defined here – may not be a prominent feature of the euro area, but it does exist. The potential for this type of mutually beneficial cooperation is not adequately exploited, however. The talk explores some of the less obvious risk-sharing mechanisms in the euro area, such as a cross-border payments mechanism, and explains why the potential for risk sharing is not more fully exploited, based on the by-product theory of collective action.

 
Waltraud Schelkle is an economist with a background in development economics and macroeconomics. An Associate Professor of Political Economy at the European Institute of the London School of Economics and Political Science since 2001, she got her training at the Free University of Berlin (FU; habilitation in economics in 1998) and Duke University. Her research interests include the finance-welfare state nexus, the political economy of European integration, and monetary integration. Waltraud Schelkle is also a (non-resident) Senior Fellow at the American Institute for Contemporary German Studies (AICGS) at Johns Hopkins University, and Chair of the Advisory Board of the Centre for Social Policy Research (Zentrum für Sozialpolitik) in Bremen.

 
Selected Publications
  • Waltraud Schelkle. 2012. "Good Governance in Crisis or a Good Crisis for Governance? A Comparison of the EU and the US." Review of International Political Economy 19 (1), 34-58.
  • Waltraud Schelkle. 2013. "Monetary Integration in Crisis: How Well Do Existing Theories Explain the Predicament of EMU?" Transfer - European Review of Labour and Research 19 (1), 37-48.
  • Waltraud Schelkle. 2014. "Fiscal Integration by Default. In: P. Genschel and M. Jachtenfuchs (Eds.), Beyond the Regulatory Polity? The European integration of Core State Powers. Oxford University Press, 105-123.
  • Waltraud Schelkle. 2015. "The Insurance Potential of a Non-Optimal Currency Area. In: O. Cramme and S. B. Hobolt (Eds.), Democratic Politics in a European Union Under Stress. Oxford University Press, 137-154.
  • Waltraud Schelkle. 2017. The Political Economy of Monetary Solidarity: Understanding the Euro Experiment. Oxford University Press.

 
Preparatory Reading
  • Waltraud Schelkle. 2017. "Introduction: Understanding the Euro Experiment." In: Waltraud Schelkle, The Political Economy of Monetary Solidarity: Understanding the Euro Experiment. Oxford University Press. Published April 2017. DOI: 10.1093/acprof:oso/9780198717935.001.0001.
 

 
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