The Leibniz Institute SAFE organizes and cordially invites you to attend a workshop on
EMU at a Crossroads? Economic Governance Reforms in the European Union
Download the program (pdf)
Economic governance in the European Union (EU) has seen substantial change over the last two decades. The Great Financial Crisis has spurred reforms seeking to stabilize financial and banking markets, notably with the creation of a European System of Financial Supervision (ESFS) and the European Banking Union (EBU), and the ambition to build a European Capital Markets Union (CMU). Another area of reform attempts has centered around fiscal governance and solidarity, witnessing some remarkable shifts in the current context of the COVID-19 pandemic.
The goal of the workshop is to bring together state-of-the-art research covering these various aspects of ongoing economic governance reforms with contributions from political science, but also from law and economics. Panel discussions examine the completion and implementation of the EBU, ongoing reforms of regulating capital markets and macroprudential supervision, as well as macroeconomic governance and fiscal policy. While the current context of the COVID-19 pandemic and other major drivers of change such as disintegration (Brexit) and corporate scandals (Wirecard) are taken into account, the scope of the workshop is not limited to topical discussions, but seeks to understand the dynamics and politics of reform in a longer-term perspective.
