International Workshop:  The Future of the  European Monetary Union  

Title: The Future of the European Monetary Union
Date: 30 May 2018
Paper Submission Deadline: 15 March 2018
Submit papers to: sebastian.mueller(at)
Organisation: Prof. Dr. Gunther Schnabl (Leipzig University), Prof. Dr. Markus C. Kerber (Technical University of Berlin), Sebastian Müller (Leipzig University)
Venue: Leipzig University, Institutsgebäude, Room I411

International Workshop: The Future of the European Monetary Union

The lingering crisis in the European Monetary Union is accompanied by growing economic and political divergence in the euro area. While the economic recovery in the southern crisis countries is still lagging behind, the northern member states exhibit signs of overheating. The unintended side effects of the ECB’s ultra-loose monetary policy in form of paralyzed productivity growth and adverse redistribution effects undermine the confidence in the European Central Bank. Achievements of the European unification process such as the four freedoms and the European welfare states are increasingly at risk. Approval rates for populist parties are increasing.

The workshop will analyze the future of the European Monetary Union from a legal and economic point of view by exploring the risks of and alternatives to the current ultra-loose monetary policy.


The program as PDF


Wednesday 30th May 2018

13:00 – 13:15         


The Advent of the Zero-Interest-Rate Trap

Gunther Schnabl (Leipzig University)

13:15 – 13:45

Session 1

The Redistributive Impacts of ECB’s Unconventional Monetary Policies: Evidence From Italian Household Surveys

Mehdi El Herradi (Université de Bordeaux)

13:45 – 14:00

Small Break

14:00 – 14:45

Session 2

Exit Strategies, Capital Flight and Speculative Attacks: Europe’s Version of the Trilemma

Andreas Steiner (University of Groningen)

14:45 – 15:30


The European Central Bank Rules the Democratic Void

John Ryan (London School of Economics)

15:30 – 16:00


16:00 – 16:45

Session 3

Beware of Financial Repression: Lessons from History

Andreas Hoffmann (Leipzig University)

16:45 – 17:30

Session 4

Legal Limits of ECB’s Unconventional Policy: German Constitutional Court vs. European Court of Justice

Markus C. Kerber (Technology University Berlin)

17:30 – 17:45

Small Break

17:45 – 18:30

Session 5

How to Leave the Eurozone: The Case of Finland

Tuomas Malinen (University of Helsinki)


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letzte Änderung: 22.05.2018 

Call for Papers