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X-WR-CALNAME;VALUE=TEXT:CES: The Political Economy of Monetary Solidarity
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SUMMARY:CES: The Political Economy of Monetary Solidarity
DESCRIPTION:<p><em><drupal-media data-entity-type="media" data-entity-uuid="6bfe19da-8f98-4e37-b70c-6f77f8c4e91a" data-align="left" data-view-mode="hwp_small"></drupal-media>Speaker(s): </em><a href="https://ces.fas.harvard.edu/people/profile/wschelkle"><strong>Waltraud Schelkle</strong></a>, Visiting Scholar, CES, Harvard University<br> <br> <em>Sponsor(s):  Visiting Scholars Seminar: New Research on Europe</em><br> <br> 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. <br> <br> <em>Contact(s): </em>Arthur Goldhammer, <a href="mailto:art.goldhammer@gmail.com">art.goldhammer@gmail.com</a></p>
LOCATION:Center for European Studies, Cabot Room, Busch Hall
STATUS:CONFIRMED
DTSTART:20141029T161500Z
DTEND:20141029T174500Z
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