Conflict Potentials in Monetary Unions

26-28 November 2015

University of Applied Sciences, Warburg

Organization :

• Jürgen Nautz, Prof for Managerial Economics, HS-OWL University of Applied Sciences and prof for Economic History, University of Vienna.
• Georges Depeyrot, Directeur de recherche UMR 8546, CNRS - Ecole normale superieure
• Kuroda Akinobu, Prof East Asian History, Dr of Economics, Institute for Advanced Studies on Asia, University of Tokyo

Details on DAMIN website

In April 2001 we met first time in Northern Hesse do discuss conflict potentials and the range and acceptance of crisis management mechanisms in monetary unions, followed by a panel at the International Economic History Congress in Buenos Aires 2002. On the background of current problems within the euro-zone we want to reopen the floor for a history based interdisciplinary debate about control and steering problems of monetary unions. Beside debt problems exists a couple of other relevant disturbance factors, i.e. differences in economic development and antagonistic political ideologies of national governments. The actual governance problems of the European Monetary Union provoke a revitalization of the debate about adequate governance structures of monetary unions. But it is not only the Greek case which encourage reflecting theories, tools and policies. To reduce the debt problem as a Greek problem goes to short. Debt-burdens are a topic for most of the members of the euro-zone, and it is not only public debt, it is the indebtedness of private household, too. Arrangements of monetary integration are not restricted to the 21^th century and not to Europe either nor do budgetary problems. Economic history can offer an independent contribution to the analysis of the conditions of success and the mode of action of different types of monetary integration and practices of governing a monetary union. But there are historical examples, too, for studying what happens after the dissolution of a monetary integrated area. History also reveals that there were a variety of cases showing a kind of local liquidity premium. Those facts suggest that a universal monetary supply should have been unable to properly meet the demand for local transaction. Considering the situation that countries currently struggling for debt such as Spain have also suffered from increasing unemployment after the currency unification, the unification framework might have overlooked the monetary demand in the end users level. At this workshop we want to have an interdisciplinary view on the i)interdependencies of monetary theory and the economic, social, cultural and political framing of monetary policy ; ii)ideas and strategies of monetary integration ; iii)concepts and strategies of monetary disintegration.