CFP: Businesses, banks and the making of Europe’s Economic and Monetary Union (EMU), 1957-1992

The aim of this conference is to explore the contribution of businesses and banks to the debates about Europe’s Economic and Monetary Union (EMU) from the 1960s to the 1990s. 
While there is an increasing number of studies on business and European integration, the role and involvement of businesses in the making of EMU remain little researched. Business history mostly focuses on business attitudes to European integration in general, as well as businesses’ reaction to European integration and the adaptation of corporate strategies. Most studies look at the history of the Single Market neglecting economic and monetary coordination.
This conference overcomes the division for business and financial history by including banks in the umbrella term of ‘business’. In case of the EMU, banks relevance was critical. First, they had an obvious interest in monetary affairs in the EEC/EU for the conduct of their business activities. Second, policymakers considered that EMU necessitated a high degree of financial integration for a proper functioning, which implied an increase in the cross-border activities of banks and other financial services. Third, banks were, like other companies in the EEC/EU, very active in trying to influence the Commission and European policymakers in order to shape European integration to their perceived interests.
The conference thus proposes to further connect business and financial history with European integration history. Were businesses and banks supportive, indifferent to, or against EMU, and why? Did they share the same attitudes, concerns, and objectives? What was their actual contribution to policy discussions, and did they participate through lobbying broadly speaking, or the co-production of norms? How did they try to coordinate their views to increase their influence? Did they push for proposals that were alternative to those being designed among governments? And what challenges does the influence of businesses and banks raise in terms of democratic legitimacy? Answers to these questions are likely to reveal just how diverse, complex, and multi-faceted the debates were around economic and monetary integration in Europe. They equally open new lines of economic historical research on the power of non-state actors to shape intergovernmental macro-economic coordination. 

We are particularly interested in contributions looking at:

  • case studies on individual businesses and banks, 
  • broader approaches addressing one country, 
  • studies on business and banking associations and groupings,
  • analyses focusing on specific sub-sectors of business (industry, services, small and medium-sized enterprises, multinationals) and banking (cooperative banks, investment banks, commercial banks, small- or medium-sized banks), or other financial institutions (insurance and stock exchanges, for instance) 
  • comparative approaches across states and sectors
  • the *absence* of specific reflections on EMU (or the misperception, misconception of what EMU entails),
  • dialogue of businesses and banks with the EEC institutions and national governments,
  • contextualisation of EMU in business perceptions of European integration: to what extent was EMU on the agenda, and if not, what topics were? Where did EMU fit in business and banks perceptions of the European project?
  • The view of business and banks elsewhere in the world (criticism against ‘Fortress Europe’)

The conference focuses on a period running from the creation of the European Economic Community (EEC) in 1957 until the decision to create an EMU in 1991 with the Treaty of Maastricht in 1991. Contributions can focus on shorter, more specific periods, in particular the 1980s, or span this entire time frame.

The conference will take place on 25-26 April 2022. We hope to hold it in person in Glasgow, but if the coronavirus-related restrictions are too onerous for the participants, we will revert to a hybrid format.

Eligibility and how to apply:

PhD students, early career researchers, and confirmed researchers are invited to submit proposals. We encourage submissions on any aspect of business.

Applicants should submit an abstract of no more than 500 words outlining their proposal, and a short CV by 15 December 2021 to EURECON Project Administrator Diana Mardare, rso-admin-eurecon@glasgow.ac.uk, mentioning ‘Business and EMU Conference’ in the headline. Selected applicants will be informed by early January 2022.

Please note that should your institution be unable to do so, there are limited funds available to support your accommodation and travel expenses. 

For further information please contact the EURECON Project’s administrator Diana Mardare: rso-admin-eurecon@glasgow.ac.uk

Scientific committee:

Dr Alexis Drach (University of Paris VIII)
Dr Aleksandra Komornicka (University of Glasgow)
Professor Emmanuel Mourlon-Druol (University of Glasgow)
Professor Neil Rollings (University of Glasgow)

Organisation:

The conference is initiated by the ERC-funded research project EURECON: The Making of a Lopsided Union: Economic Integration in the European Economic Community, 1957-1992 led by Professor Emmanuel Mourlon-Druol (grant agreement No 716849).

ERC project “History of EU” (PhDs)

Two 3-year fully funded PhD Scholarships to be held at the University of Glasgow from September 2017

Applications are invited for two 3-year PhD scholarships (with a possibility of a one-year extension) in Economic and Social History at the University of Glasgow.

The successful candidates will be part of the ERC-funded project The Making of a Lopsided Union: Economic Integration in the European Economic Community, 1957-1992 (EURECON) led by Dr Emmanuel Mourlon-Druol. They are expected to begin on 1 September 2017, or as soon as possible thereafter.

Description of the EURECON project

The goal of EURECON is to explore European policymakers’ views about how to make the organisation of the European Economic Community (EEC) fit for the creation of a single currency, from 1957 to 1992. It is often said that the euro has faults of conception. But how did this happen? How was the euro made in such a way that it nearly completely overlooked some critical aspects of monetary unions? The assumption is that in the run-up to the 1992 Maastricht Treaty, European policymakers just did not think properly about how to make the Euro work. Was this really the case? Did European policymakers really overlook the economic foundations of European monetary union?

The project aims to examine European policymakers’ debates and proposals, understand the reasons for their success or failure, identify the dynamics of political and economic trade-offs and compromises, shifting priorities, and alternative approaches that were abandoned at the time but recycled later. The project focuses on five work packages: macroeconomic policy coordination, fiscal transfers, capital market integration, banking harmonisation/supervision and the deepening of the common/single market. The project will examine the origins of the issues that are currently bedevilling the European Union (EU) by investigating the period between the creation of the EEC in 1957 and the decision to create a European single currency in 1992.

PhD positions

The PhD projects will focus on the role and influence of non-state, non-EEC actors and factors in the above discussions. Interested applicants should focus specifically on the role of one of the following actors/factor:

  • Commercial banks: Commercial banks were central actors in the development of European economic integration, in particular with regard to capital market integration, regulation/supervision, and the development of the common/single market. Did they support the creation of a common market in banking? Did they adopt specific lobbying strategies within their respective member states and in Brussels? How did they view the possible future creation of a monetary union in Europe?
  • Big business (other than banks): The implementation of the common/single market, the issue of EEC fiscal transfers, and macroeconomic policy coordination had an impact on the conduct of business in Europe. Did big business consider that these developments would improve their environment, in creating more business opportunities, easier financing and trade? The Roundtable of Industrialists famously lobbied for the Single Market Project; did big business aim to actively support or oppose other developments at different time periods?
  • Trade unions: Macroeconomic policy coordination, EEC fiscal transfers, and the development of the common/single market had an important impact upon labour relations. How did trade unions try to influence European economic policymaking? In particular, how did they promote European social policies and how did they cope with the challenges induced by European economic integration in a globalising world? The rise of unemployment in Europe from the 1970s as well as the reflections mentioned above about the introduction of an EEC-wide unemployment benefit provided an important points of interest for trade unions.
  • The spread and influence of economic ideas on the evolution of European economic cooperation and integration: Many economic ideas have influenced and competed over the development of European economic integration, including German ordo-liberalism, French planning, and neo-liberalism. Recent studies have shed light on the rise of neo-liberal politics in the evolution of thinking about deregulation and the free movement of capital. How did economic thinking evolve in the EEC and how did these influences permeate policymaking at the European level? This topic would more specifically focus on the intellectual history dimension of the economic integration of Europe by looking at one of these schools of thought. How did these ideas spread among European policymakers? How did these ideas change over time? What was their actual influence?

The successful candidate is expected to:

  • Write a PhD thesis under the supervision of Dr Emmanuel Mourlon-Druol
  • Be an active part of the EURECON project and work in close cooperation with other team members
  • Present papers at conferences
  • Publish in international peer-reviewed journals (individual and co-authored)
  • Participate in yearly workshops organised within the scope of EURECON.

The successful candidate will register for a PhD in Economic and Social History, School of Social and Political Sciences, College of Social Sciences, University of Glasgow.

The scholarship covers the successful student’s full-time home/EU tuition fees (£4,121 p.a. for 2016/17), pays a stipend (£14,296 p.a. for 2016/17), and includes a research budget allowance to cover expenses related to archival research and conference attendance (at least £1500 p.a.). There is a possibility for an extension to a fourth year, under the same financial conditions.

PhD students at the University of Glasgow benefit from the College of Social Sciences’ Graduate School Research Training Programme, as well as an annual Thesis Review Committee and an annual Doctoral Retreat. PhD students may also have the opportunity to become Graduate Teaching Assistants and gain teaching experience.

Candidates must be fluent in English. A good command of another European language would be an advantage.

How to apply

Please include the following supporting documentation with your application:

  • Your CV
  • Your research proposal focusing on one of the actors/factors outlined above (max. 2500 words, including footnotes, references and bibliography)
  • Your degree transcripts
  • Your English language certificate
  • Two letters of reference

Interested candidates should apply on the University of Glasgow’s Online Application System http://www.gla.ac.uk/research/opportunities/howtoapplyforaresearchdegree/#/. Applicants should put ‘EURECON’ in the ‘Research Title’ field in ‘Step 6 – Course Details’ of the application form, and select ‘PhD in Economic and Social History (Research)’.

Interested applicants are strongly advised to discuss their research proposal with Dr Emmanuel Mourlon-Druol (emmanuel.mourlon-druol@glasgow.ac.uk) before they apply.

Short-listed candidates may be invited for an interview in Glasgow.

Application deadline is 7 May 2017.

ERC project History of EU (postdocs)

Postdoctoral Research Associate in International Economic History at the University of Glasgow (2 posts)

 Project description

The successful candidates will be part of the ERC-funded project The Making of a Lopsided Union: Economic Integration in the European Economic Community, 1957-1992 (EURECON) led by Dr Emmanuel Mourlon-Druol (See http://e-mourlon-druol.com/eurecon/ for more details). They are expected to begin on 1 September 2017, or as soon as possible thereafter (a few months’ delay is negotiable if need be).

The positions will be for 2 years, starting from September 2017 (or later if so negotiated). In addition to their salary, Post-Doctoral Researchers will receive an allowance for research missions and participation to international conferences of at least £2,500 per year.

 Description of the EURECON project

The goal of EURECON is to explore European policymakers’ views about how to make the organisation of the European Economic Community (EEC) fit for the creation of a single currency, from 1957 to 1992. It is often said that the euro has faults of conception. But how did this happen? How was the euro made in such a way that it nearly completely overlooked some critical aspects of monetary unions? The assumption is that in the run-up to the 1992 Maastricht Treaty, European policymakers just did not think properly about how to make the Euro work. Was this really the case? Did European policymakers really overlook the economic foundations of European monetary union?

The project aims to examine European policymakers’ debates and proposals, understand the reasons for their success or failure, identify the dynamics of political and economic trade-offs and compromises, shifting priorities, and alternative approaches that were abandoned at the time but recycled later. The project focuses on five work packages: macroeconomic policy coordination, fiscal transfers, capital market integration, banking harmonisation/supervision and the deepening of the common/single market. The project will examine the origins of the issues that are currently bedevilling the European Union (EU) by investigating the period between the creation of the EEC in 1957 and the decision to create a European single currency in 1992.

 The Postdoctoral Research Projects will focus on the role and influence of non-state, non-EEC actors and factors in the above discussions.

Postdoctoral Research Projects

Interested applicants should focus specifically on the role of one of the following actors/factor:

  • Commercial banks: Commercial banks were central actors in the development of European economic integration, in particular with regard to capital market integration, regulation/supervision, and the development of the common/single market. Did they support the creation of a common market in banking? Did they adopt specific lobbying strategies within their respective member states and in Brussels? How did they view the possible future creation of a monetary union in Europe?
  • Big business (other than banks): The implementation of the common/single market, the issue of EEC fiscal transfers, and macroeconomic policy coordination had an impact on the conduct of business in Europe. Did big business consider that these developments would improve their environment, in creating more business opportunities, easier financing and trade? The Roundtable of Industrialists famously lobbied for the Single Market Project; did big business aim to actively support or oppose other developments at different time periods?
  • Trade unions: Macroeconomic policy coordination, EEC fiscal transfers, and the development of the common/single market had an important impact upon labour relations. How did trade unions try to influence European economic policymaking? In particular, how did they promote European social policies and how did they cope with the challenges induced by European economic integration in a globalising world? The rise of unemployment in Europe from the 1970s as well as the reflections mentioned above about the introduction of an EEC-wide unemployment benefit provided an important points of interest for trade unions.
  • The spread and influence of economic ideas on the evolution of European economic cooperation and integration: Many economic ideas have influenced and competed over the development of European economic integration, including German ordo-liberalism, French planning, and neo-liberalism. Recent studies have shed light on the rise of neo-liberal politics in the evolution of thinking about deregulation and the free movement of capital. How did economic thinking evolve in the EEC and how did these influences permeate policymaking at the European level? This topic would more specifically focus on the intellectual history dimension of the economic integration of Europe by looking at one of these schools of thought. How did these ideas spread among European policymakers? How did these ideas change over time? What was their actual influence?

 The successful candidate is expected to:

  • Engage in independent scientific research that will result in high-quality publications in international peer-reviewed journals (individual and co-authored)
  • Be an active part of the EURECON project and work in close cooperation with other team members
  • Provide some organisational and administrative support, in collaboration with other team members, to the research activities of the EURECON project
  • Present papers at conferences
  • Participate in yearly workshops organised within the scope of EURECON.

 To apply for the position, applicants are required to submit (www.glasgow.ac.uk/jobs, Job Ref 016726):

  • Their CV,
  • The details of three referees
  • A cover letter explaining how their research experience fits the EURECON project,
  • A one to two-page description of the research they would like to undertake during their tenure, clearly mentioning: the scope of their project, the state of the literature, and the archival sources they would like to use.

 

Please upload your cover letter and one to two-page research document as ONE document.

Candidates must be fluent in English. A good command of another European language would be an advantage.

Candidates should have a PhD in History (or related discipline), or be close to completion.

Short-listed candidates will be invited for an interview to present their research proposal. It is anticipated that the interviews for these positions will take place in May/June 2017.

Interest applicants may contact Dr Emmanuel Mourlon-Druol (Emmanuel.Mourlon-Druol@glasgow.ac.uk) for informal enquiries.