Hellenic Observatory lecture in association with the FT Business - LSE European Institute The Future of Europe lecture series
Date: Monday 18 February 2008
Time: 6:30-8pm
Venue: Old Theatre, Old Building
Speaker: Nicholas C Garganas
Chair: Howard Davies
Update Monday 18 February: This lecture has been cancelled due to weather conditions preventing the speaker from being able to travel to London, we hope it will be possible to reschedule this event at another time. LSE apologises for any inconvenience caused.
The introduction of the euro posed unique challenges for monetary policy. Some observers took the view that a single monetary policy for all euro-area countries would not succeed because the euro area did not fulfil the pre-requisites of on Optimum Currency Area (OCA). In his lecture Mr Garganas will argue that the traditional way of thinking about OCAs overlooks the fact that the criteria used to judge optimality are, to some extent, endogenous. He will also argue, the experience of the euro area demonstrates that the creation of a monetary union can itself create conditions that are favourable to the well-functioning of the union.
Nicholas C Garganas is governor of the Bank of Greece, a member of the Bank's Monetary Policy Committee, a member of the Governing Council and the General Council of the European Central Bank, and a governor of the International Monetary Fund for Greece.
This event is free and open to all with no ticket required. Entry is on a first come, first served basis. For more information, email events@lse.ac.uk or call 020 7955 6043.
Media queries: please contact the Press Office if you would like to reserve a press seat or have a media query about this event, email pressoffice@lse.ac.uk or call 020 7955 7060.
The next lecture organised by the European Institute will take place on Tuesday 26 February and is entitled The New Swedish Model: A Reform Agenda for Growth and the Environment.