
Online Seminar – The Road to a European Monetary Fund
Download the slides presented by Rolf Strauch
Download the slides presented by Marcello Messori
Abstract
The European Stability Mechanism (ESM) was established during the euro crisis to fill a gap in the institutional set-up of the monetary union: that of a lender of last resort for sovereigns. Several other reforms were also undertaken in that period, both at the national and at the supranational level. As a result, the euro area is now much stronger than before the crisis, both economically and institutionally. But a number of weaknesses to make EMU more robust still need to be fixed. In the debate about deepening the monetary union, a wider role for the ESM is one of the ideas under discussion.
In this online seminar, Rolf Strauch (ESM) will argue that developing a European Monetary Fund (EMF) is not a goal in itself, but could help to make the euro area economy more resilient. Various new functions are under discussion. Strauch will explain that there is a widespread consensus that these functions would be economically useful, and will stress that it is important not to miss this unique political opportunity to further integrate the monetary union.
Marcello Messori (School of European Political Economy, LUISS) will then provide his views and comments on the argument. As always the session will end with an interactive Question and Answers session.
Speakers
Rolf Strauch (Chief Economist and Member of the Management Board, European Stability Mechanism)

Marcello Messori (Professor of Economics, LUISS Guido Carli University)

Technical disclaimer
The online seminar will take place on the Adobe Connect platform. You can access the seminars from personal computers, laptops, tablets and smartphones. You are strongly encouraged to read the technical requirements before registering for the online seminar. To ensure an optimal experience in terms of connection speed and video quality, we suggest to attend the seminar via a device connected to a stable network connection, avoiding if possible shared wi-fi or mobile connections.