#  CES: The Political Economy of Monetary Solidarity 

 



####  calendar\_today Date and Time 

 **October 29, 2014** 

 12:15PM - 01:45PM EDT 

####  pin\_drop Location 

 **Center for European Studies, Cabot Room, Busch Hall**  



 

 



 

   ![schelkle.jpg](/sites/g/files/omnuum4421/files/styles/hwp_1_1__360x360_scale/public/history/files/schelkle.jpg?itok=IAAPfIuh) 

 

Speaker(s): [**Waltraud Schelkle**](https://ces.fas.harvard.edu/people/profile/wschelkle), Visiting Scholar, CES, Harvard University  
   
 *Sponsor(s): Visiting Scholars Seminar: New Research on Europe*  
   
 Creating the European monetary union is arguably one of the biggest experiments in social history. But we lack a theoretical account that can make sense of creating a union between an ever expanding number of diverse and unequal nation states. My point of departure is that integration generally allows for risk-sharing between states. Diversity of member states makes risk-sharing in a monetary union possible and potentially beneficial, but at the same time ripe with political conflict and economic strains. In this talk, I will give an overview of this novel theory. Then I present empirical research on how financial integration in the Euro area was meant to contribute to income and consumption smoothing and explain why this has not worked out as expected.   
   
 *Contact(s):* Arthur Goldhammer, <art.goldhammer@gmail.com>

 

 



 

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