46th Economics Conference 2019
– Save the dateEuropean Economic and Monetary Union: The first and the next 20 years
When the European Central Bank was created on June 1, 1998, and the euro was introduced on January 1, 1999, the project of a European Economic and Monetary Union (EMU) finally became reality after a long process of monetary cooperation and unification. As the euro celebrates its 20th anniversary, it is worthwhile to take stock of this major institutional reform and explore what the future holds for EMU. After a brief look into its general history, we will discuss in more detail how EMU brought about the level of monetary, financial and fiscal stability that allowed Europe to master adversarial events such as the Great Financial Crisis and its aftermath. We will also examine the role EMU plays in the larger European project. What are the steps yet to be taken to fully complete this historical project? Moreover, we will analyze how to tackle technological changes in the areas of money and finance.
Thursday and Friday, May 2nd and 3rd 2019
Hotel Marriott Vienna
Parkring 12a
1010 Vienna
Please contact the Event-Management at Oesterreichische Nationalbank to receive a personal invitation.
Speeches and presentations, May 2, 2019
- Ewald Nowotny – Opening Remarks (PDF), 98 kB
- Luiz de Mello – Making the most of EMU: challenges and opportunity for reform (PDF), 358 kB
- Peter Mooslechner – 20 years of EMU, 10 years in crisis mode: what might the future “new normal” of monetary policy look like? (PDF), 1.5 MB
- Martin Wolf – Escaping the trap: secular stagnation, monetary policy and financial fragility (PDF), 95 kB
- Gottfried Haber – Strengthened EU fiscal framework: fiscal discipline versus economic stabilization (PDF), 1 MB
- Ludger Schuknecht – Fiscal financial vulnerabilities (PDF), 1.9 MB
- Kerstin Jorna – From start-up to scale-up: the global role of the euro (PDF), 144 kB
- Arnaud Mehl – The euro’s global role: past, present and future (PDF), 560 kB
Speeches and presentations, May 3, 2019
- Ulrich Bindseil – CBDC – financial system implications and control (PDF), 611 kB
- Andrei Kirilenko – A risk-based taxonomy of crypto assets (PDF), 6.4 MB
- Bruno Cabrillac – The complex dynamics of integration and convergence in EMU (PDF), 750 kB
- Isabel Schnabel – Reconciling risk sharing with market discipline: A constructive approach to euro area reform (PDF), 609 kB