Schelkle, Waltraud

Dr Waltraud Schelkle  


Position held

Associate Professor in Political Economy


Non LSE positions held

Economics Department, Free University of Berlin

Adjunct Professor of Economics


Experience keywords:

European Monetary Union; European integration; United Germany; financial markets and social policy

Research summary > [Click to expand]

Dr Schelkle's research interests lie in European integration, in particular monetary union, fiscal governance and the evolving integration of European welfare states through migration rights and financial market linkages. She is also interested in how financial markets (for housing, pensions, insurance) are related to social policies in European welfare states. Finally, she has done research on economic policies in united Germany, especially how they relate to monetary integration.

Countries and regions to which research relates:

Europe; USA


French [Spoken: Intermediate, Written: Intermediate]; German [Spoken: Fluent, Written: Fluent]

Media experience:

Radio; TV

Contact Points

LSE phone number:

+44 (0)20 7955 6942



Schelkle, Waltraud (2016) Introduction: up for grabs? Key issues in the negotiations about Britain's membership in the EU The Political Quarterly, 87 (2). 136-138. ISSN 0032-3179

Schelkle, Waltraud (2016) Unity in diversity: the unfulfilled promise of the euro In: Dür, Andreas and Zimmermann, Hubert, (eds.) Key Controversies in European Integration. The European Union series. Palgrave, Basingstoke, UK, 151-157. ISBN 9781137529510

Schelkle, Waltraud (2016) Paul Krugman’s argument that the eurozone is not an optimum currency area could be just as easily applied to the US USApp – American Politics and Policy Blog (28 Apr 2016) Blog entry

Schelkle, Waltraud (2016) Financial centre and monetary outsider: how precarious is the UK's position in the EU? The Political Quarterly, 87 (2). 157-165. ISSN 0032-3179

Mabbett, Deborah and Schelkle, Waltraud (2016) Searching under the lamp-post: the evolution of fiscal surveillance In: Caporaso , James A. and Rhodes, Martin, (eds.) Political and Economic Dynamics of the Eurozone Crisis. Oxford University Press, Oxford, UK. ISBN 9780198755739


Schelkle, Waltraud (2015) Book review: the power of inaction: bank bailouts in comparison by Cornelia Woll Perspectives on Politics, 13 (4). 1199-1201. ISSN 1541-0986

(2015) Financial regulation and the protection of Eurozone outs Report of the hearing on 27th November, 2015 Schelkle, Waltraud and Lokdam, Hjalte, eds The London School of Economics and Political Science, European Institute, London, UK.

Barta, Zsofia and Schelkle, Waltraud (2015) At cross-purposes: commercial versus technocratic governance of sovereign debt in the EU Journal of European Integration, 37 (7). 833-846. ISSN 0703-6337

Mabbett, Deborah and Schelkle, Waltraud (2015) What difference does Euro membership make to stabilization?: the political economy of international monetary systems revisited Review of International Political Economy, 22 (3). 508-534. ISSN 0969-2290


Schelkle, Waltraud (2014) The insurance potential of a non-optimal currency area In: Cramme, Olaf and Hobolt , Sara B., (eds.) Democratic Politics in a European Union Under Stress. Oxford University Press, Oxford, UK, 137-154. ISBN 9780198724483

Milio, Simona and Crescenzi, Riccardo and Schelkle, Waltraud and Durazzi, Niccolo and Garnizova, Elitsa and Janowski, Pawel and Olechnicka, Agnieszka and Wojtowicz, Dominika and Luca, Davide and Fossarello, Maria (2014) Impact of the economic crisis on social, economic and territorial cohesion of the European Union Regional Development, Study Vol. 1. European Parliament, Brussels, Belgium.

Gerba, Eddie and Schelkle, Waltraud (2014) Household finance and the welfare state: a case study of the United States, 1980-­2010 The London School of Economics and Political Science, London, UK.


Schelkle, Waltraud (2013) Monetary integration in crisis: how well do existing theories explain the predicament of EMU? Transfer: European Review of Labour and Research, 19 (1). 37-48. ISSN 1024-2589

Schelkle, Waltraud (2013) The political economy of regulating longevity insurance in the EU In: Neergaard, Ulla and Szyszczak, Erika and van de Gronden, Johann Willem and Krajewski, Markus, (eds.) Social Services of General Interest in the Eu. Legal issues of services of general interest. TMC Asser Press, The Hague, The Netherlands, 433-459. ISBN 9789067048750

Gerba, Eddie and Schelkle, Waltraud (2013) The finance-welfare state nexus ACES cases, 2013.1. The American Consortium on EU Studies (ACES), Washington, USA.


Schelkle, Waltraud (2012) European fiscal union: from monetary back door to parliamentary main entrance CESifo Forum, 13 (1). 28-34. ISSN 1615-245X

Schelkle, Waltraud (2012) Good governance in crisis or a good crisis for governance? A comparison of the EU and the US Review of International Political Economy, 19 (1). 34-58. ISSN 0969-2290

Schelkle, Waltraud (2012) In the spotlight of crisis: how social policies create, correct, and compensate financial markets Politics and Society, 40 (1). 3-8. ISSN 0032-3292

Hassel, Anke and Schelkle, Waltraud (2012) A return to the Deutschmark or a core monetary union would impoverish Europe’s economies. Instead, Eurobonds could offer a viable solution to preserve unity in diversity LSE European Politics and Policy (EUROPP) Blog (22 Mar 2012) Blog entry

Schelkle, Waltraud (2012) Policymaking in hard times: French and German responses to economic crisis in the Euro area In: Pontusson, Jonas and Bermeo, Nancy, (eds.) Coping With Crisis: Government Reactions to the Great Recession . Russell Sage Foundation, New York, USA, 130-162. ISBN 9780871540768

Schelkle, Waltraud and Hassel, Anke (2012) The policy consensus ruling European political economy: the political attractions of discredited economics Global Policy, 3 (supp.1). 16-27. ISSN 1758-5880

Schelkle, Waltraud (2012) Germany has prescribed austerity and restraint for Europe, while at the same time undertaking extensive fiscal stimulus packages at home LSE European Politics and Policy (EUROPP) Blog (26 Nov 2012) Blog entry

Schelkle, Waltraud (2012) A crisis of what? mortgage credit markets and the social policy of promoting homeownership in the United States and in Europe Politics and Society, 40 (1). 59-80. ISSN 0032-3292

Schelkle, Waltraud (2012) Collapsing worlds and varieties of welfare capitalism: in search of a new political economy of welfare LSE 'Europe in Question' discussion paper series, 54/2012. The London School of Economics and Political Science, London.


Schelkle, Waltraud (2011) The euro area after another crisis summit: ignore the elephant in the room at your peril Intereconomics, 46 (4). 178-179. ISSN 0020-5346

Schelkle, Waltraud (2011) Reconfiguring welfare states in the post-industrial age: what role for trade unions? European Journal of Industrial Relations, 17 (4). 301-314. ISSN 0959-6801

Schelkle, Waltraud (2011) A tale of two crises: the Euro area in 2008/09 and in 2010 European Political Science, 10 (3). 375-383. ISSN 1680-4333


Mabbett, Deborah and Schelkle, Waltraud (2010) Beyond the crisis: the Greek conundrum and EMU reform Intereconomics, 45 (2). 81-85. ISSN 0020-5346

Schelkle, Waltraud and Mabbett, Deborah (2010) The Van Rompuy reforms: type 1 and type 2 errors and one small bright spot Intereconomics, 45 (6). 350-353. ISSN 0020-5346

Schelkle, Waltraud (2010) Good governance in crisis or a good crisis for governance?: a comparison of the EU and the US LSE ‘Europe in question’ discussion paper series, no.16/2009. The London School of Economics and Political Science, London, UK.


Schelkle, Waltraud (2009) Monetary union In: Egan, Michelle and Nugent, Neil and Paterson, William E., (eds.) Research Agendas in Eu Studies: Stalking the Elephant. Palgrave studies in European Union politics. Palgrave Macmillan, Hampshire, UK. ISBN 9780230555242

Schelkle, Waltraud (2009) Good governance in crisis or a good crisis for governance? A comparison of the EU and the US LSE 'Europe in Question' discussion paper series, 16/2010. The London School of Economics and Political Science, London.

Mabbett, Deborah and Schelkle, Waltraud (2009) The politics of conflict management in EU regulation West European Politics, 32 (4). 699-718. ISSN 0140-2382

Schelkle, Waltraud (2009) The contentious creation of the regulatory state in fiscal surveillance West European Politics, 32 (4). 829-846. ISSN 1743-9655


Schelkle, Waltraud (2008) Can there be a European social model? In: Eriksen, Erik Oddvar and Rödl, Florian and Joerges, Christian, (eds.) Law, Democracy and Solidarity in a Post-National Union : the Unsettled Political Order of Europe. Routledge studies on democratizing Europe, 5. Routledge, London, UK. ISBN 9780415462273


Mabbett, Deborah and Schelkle, Waltraud (2007) Bringing macroeconomics back into the political economy of reform: the Lisbon Agenda and the 'fiscal philosophy' of EMU Journal of Common Market Studies, 45 (1). 81-103. ISSN 0021-9886

Schelkle, Waltraud (2007) EU fiscal governance: hard law in the shadow of soft law? Columbia Journal of European Law, 13 (3). 705-731. ISSN 1076-6715


Schelkle, Waltraud (2006) The theory and practice of economic governance in EMU revisited: what have we learnt about commitment and credibility? Journal of Common Market Studies, 44 (4). 669-685. ISSN 0021-9886


Schelkle, Waltraud (2005) The political economy of fiscal policy coordination in EMU: from disciplinarian device to insurance arrangement Journal of Common Market Studies, 43 (2). 371-391. ISSN 0021-9886


Schelkle, Waltraud (2004) Kritik der wohlfahrtsstaatskritik West End: Neue Zeitschrift fur Sozialforschung, 1 (1). 133-142. ISSN 1860-2177

Schelkle, Waltraud (2004) EMU's second chance: enlargement and the reform of fiscal policy coordination Journal of European Public Policy, 11 (5). 890-908. ISSN 1350-1763

Schelkle, Waltraud (2004) Basic redress or incremental adjustment? On recent debates about the reform of the stability and growth pact. Intervention, European Journal of Economics and Economic Policies, 1 (2). 135-150. ISSN 1613-0960

Begg, Iain and Schelkle, Waltraud (2004) Can fiscal policy co-ordination be made to work effectively? Journal of Common Market Studies, 42 (5). 1047-1059. ISSN 0021-9886

Begg, Iain and Schelkle, Waltraud (2004) The pact is dead: long live the pact National Institute Economic Review, 189. 86-98. ISSN 0027-9501

Schelkle, Waltraud (2004) Understanding new forms of European integration: a study in competing political economy explanations In: Jones, Erik and Verdun, Amy, (eds.) Political Economy Approaches to the Study of European Integration. Routledge, London; New York, 149-169. ISBN 9780415340632


Schelkle, Waltraud (2003) A mixed blessing: monetary enlargement within the Maastricht policy framework. Vierteljahrshefte Zur Wirtschaftsforschung, 72 (4). 624-635. ISSN 0340-1707

Schelkle, Waltraud (2003) The political economy of social Europe: the case of inclusion policies. European Political Economy Review, 1 (2). 191-221. ISSN 1742-5697


Ardy, Brian and Begg, Iain and Schelkle, Waltraud and Torres, Francisco (2002) How will EMU affect cohesion? Intereconomics, 37 (6). 300-314. ISSN 0020-5346


Schelkle, Waltraud (2001) Monetäre Integration: Bestandsaufnahme und Weiterentwicklung der Neueren Theorie Physica (Springer), Heidelberg, Germany. ISBN 9783790813593

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Short bio >

Dr Schelkle is Associate Professor in Political Economy at the European Institute, London School of Economics and Political Science, since 2001. She is also 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). She is interested in the political economy of European integration, in particular fiscal governance, and the role that financial markets play in European welfare states.

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