Since the inception of the financial crisis in 2008, and more importantly since the sovereign debt crisis in 2010, the governance of the euro area has substantially changed. Multi-layered institutions and rules now define its economic and financial governance.
Extending over five intense days, the Summer School offers participants a unique setting in which to deepen their understanding of the EU’s complex system of governance and contribute their views to stimulating group discussions. The classes are conducted by highly experienced CEPS researchers, who are able to integrate in their lectures the most recent developments in EU policies with the state of the art in the academic literature. The classes are complemented by workshops led by policy-makers from different EU institutions. The programme combines lectures with practical, problem-solving simulations, discussion groups and study visits to the EU institutions
Aim and topics
The summer school offers a thorough introduction on how the Economic and Financial Governance of EMU works and impacts the economy. Participants will:
- Improve their knowledge on the EU decision-making process, the rationales, the institutional design and the enforcement of EU rules;
- Gain a comprehensive understanding of current governance issues, how they are addressed and their practical implications for the economy and the financial system;
- Learn how the system manages crises and how member states should correct imbalances, with the support of case studies and seminars with EU officials or international experts.
The programme covers a total of 30 hours of lectures, case studies and discussion groups (excluding the closing lecture). Each day comprises 4 hours of lectures in the morning, which include two modules of 1 hour 45 minutes and two breaks of 15 minutes each. Afternoon sessions will consist of more interactive sessions, during which students will work together to solve case studies, to develop discussion groups or to attend to a technical seminar. Two visits to the EU institutions (European Commission, European Parliament and Council) are also part of the afternoon sessions.
Applicants need to meet the following criteria:
- Graduate students, academics, officials from EU institutions, national ministries, local governments, central banks and private sector;
- English proficiency and Master or equivalent in economics or finance. Applicants with a background in law and political science will be selected on the basis of their knowledge of basic principles of economics and finance.
10 June 2016 (seats are limited). Successful participants will be notified at the latest by 30 June 2016.
Participants who have followed the programme diligently will receive a certificate of attendance. Participants will not be subject to an exam, but team work on a specific assignment will be evaluated and a prize for the best work will be awarded in the closing ceremony.
What former participants say about the summer school
“I think it was a well-rounded combination of different formats and an excellent opportunity to enrich my academic background with institutional/legal/political aspects of EMU governance”.
“Bank crisis management – Stefano Cappiello The speaker was excellent – I also liked the diverse, and high level platea of participants to the summer school”.
“Without any intention of being complaisant, I am truly glad about everything (even the food!). Perhaps one of the things I most appreciated was the diversity of backgrounds, nationalities and activities of the participants, which surely enriched the debate. Besides, I found the structure of the lectures logically sound and helpful in order to gradually go from the general to the more specific topics. Furthermore, the simulations, the debates and all the “practical” part of the Summer School was beneficial to translate into concrete and specific situations all the theoretical and abstract concepts that were explained throughout the lectures”.