Day 1 (Thursday 21 February 2019)

Session 1 (14:00 – 16:00)
Lessons from previous currency and monetary unions. The historical perspective and comparison with the current Eurozone arrangements. Chaired by Professor Alejandra Irigoin (LSE).

  • ‘Precedents of the Eurozone. The Habsburg Monarchy as Monetary Union in a multinational State’. Clemens Jobst (Oesterreichische Nationalbank and CEPR).
  • ‘The gold standard, the Latin Monetary Union and the Euro standard’. Éric Monnet (Banque de France).
  • ‘A measurement of asymmetry in the running of the classical gold standard’. Juan Castaneda (IIMR and University of Buckingham) and Alessandro Roselli (Cass Business School and University of Buckingham)

Coffee break (16:00 – 16:15)

Session 2 (16:15 – 17:45)
Are permanent (internal) trade imbalances sustainable in a single monetary area? Chaired by Charles Goodhart (LSE).

  • ‘Payment systems in a multinational currency union’ (title to be confirmed). Uwe Schollmeyer (Bundesbank University).
  • ‘Target risks without euro exits’. Hans-Werner Sinn (Ifo Institute, University of Munich.

Day 2 (Friday 22 February 2019)

Session 3 (9:30 – 11:00)
When do countries form a monetary union and when monetary unions fail? The Economics of monetary disintegration. Chaired by Geoffrey Wood.

  • ‘The Economics of the European Monetary Integration: Pros and Cons of Being a Euro Country’. Donato Masciandaro (Bocconi University).
  • ‘The measurement of the optimality of a currency area: the US dollar, UK pound and the Eurozone’. Juan Castaneda and Pedro Schwartz.

Coffee break (11:00 – 11:15)

Session 4 (11:15 – 12:45)
Is the Eurozone something more than a monetary union? Chaired by Dimitrios Tsomocos.

  • ‘A safe asset and a fiscal capacity for the Eurozone’. Lorenzo Codogno (LSE) and Paul van den Noord (University of Amsterdam).
  • “Public Support for the Euro and its governance. The first two decades”. Felix Roth (University of Hamburg) and Lars Jonung (Lund University).

Concluding speech and closing remarks (12:45): ‘The constitutional problems faced by a multi-government monetary union in the ‘managed’ era’. Tim Congdon (IIMR and University of Buckingham).

Lunch (13:30 – 15:00).