Professor Waltraud Schelkle

Professor Waltraud Schelkle

Professor in Political Economy

European Institute

+44 (0)20 7955 6942
Room No
Office Hours
Thursdays 11:00-12:30 and by appointment (sign up via LSE Student Hub)
English, German
Key Expertise
European Monetary Union; European integration; Financial Markets

About me

Waltraud Schelkle is Professor in 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 (Privatdozentin) 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). Professor Schelkle is also a (non-resident) Senior Fellow at the American Institute for Contemporary German Studies (AICGS), Johns Hopkins University, Washington D.C. and member of the Advisory Board of the Research Centre for Inequality and Social Policy (SOCIUM) 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

First of all, the political economy of monetary integration, understood as a form of inter-state risk sharing; my book on “The political economy of monetary solidarity: understanding the experiment of the euro” has been published with Oxford University Press in 2017. This work will now be continued in an ERC-funded research project on 'Policy crisis and crisis politics: Sovereignty, Solidarity and Identity in Europe post-2008'. My second interest concerns welfare state reforms, 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 (recent publications in theJournal of European Public Policy  in 2019 and forthcoming in the Review of International Political Economy).

Expertise Details

European Monetary Union; European integration; United Germany; Financial Markets and Social Policy