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Dr Waltraud Schelkle



 Dr Waltraud Schelkle
Associate Professor of Political Economy

European Institute

Tel: +44 (0)20 7955 6942
Email: w.schelkle@lse.ac.uk
COW 1.06



Waltraud Schelkle is an Associate Professor of Political Economy at the European Institute and has been at LSE since autumn 2001, teaching courses on the political economy of European integration at MSc and PhD level. She is an Adjunct Professor of economics at the Economics Department of the Free University of Berlin where she did a post-doctorate degree (Habilitation) in 1999 with a thesis on "The new theory of monetary integration" (published in German in 2001). Dr Schelkle is also a (non-resident) Senior Fellow at the American Institute for Contemporary German Studies (AICGS), Johns Hopkins University, Washington D.C. and Chair of the Advisory Board of the Centre for Social Policy Research (Zentrum für Sozialpolitik) in Bremen.

She has previously worked as a development economist, from 1989-2002 as a staff member of the German Institute of Development in Berlin with a research focus on the financial system in development and doing her first PhD on India's development as a monetary economy since Independence (London 1994). Other earlier appointments include two Research Fellowships at Johns Hopkins University, Washington, DC, and Visiting Professor of International Economic Relations at the Free University of Berlin before coming to London. Her research interests are the evolving economic governance of EMU and social policy reforms directed at financial markets.

Research Interests

Political Economy of welfare state reform, understood broadly as encompassing the restructuring of social risk management induced both by market creation and integration in Europe and by the macroeconomic framework in the monetary union, with a specific interest in how financial regulation is now used for social policy purposes; the evolving framework of economic governance in the EU and in member states, in particular the use of different methods of policy coordination by technocratic elites at the European and the national level. Current projects are on 'Beyond the regulatory polity.  Analyzing the integration of core state powers in the EU' (convened by Philipp Genschel and Markus Jachtenfuchs), on 'the dynamics of the Euro-are financial crisis' (convened by James Caporaso and Martin Rhodes) as well as an own project on 'The finance-social security nexus', supported by a small STICERD grant.


Deborah Mabbett and Waltraud Schelkle (2014) 'What difference does Euro membership make to stabilization? The political economy of international monetary systems revisited', Review of International Political Economy [published online May 2014 at: http://www.tandfonline.com/doi/abs/10.1080/09692290.2014.916625#.U-nI9PldWgE]

Waltraud Schelkle (2014) ‘The insurance potential of a non-optimal currency area’, in: Olaf Cramme and Sara Hobolt (eds), Democratic politics in a European union under stress, Oxford: Oxford University Press, pp.137-154.


Waltraud Schelkle is on sabbatical at the Minda de Gunzburg Center for European Studies at Harvard University, writing on a book manuscript 'The political economy of monetary solidarity: understanding the experiment of the Euro' (under contract with OUP).