■講 師：ドミニク・ルドール パリ東大学教授
■テーマ：Coordination of economic policies in the EMU and the financial crisis
First we present the difference instruments of coordination of economic policies in the European Monetary Union (EMU). The particular difficulties of coordination between the common monetary and the national fiscal policies are emphasized. Social policies are also studied since they are integrated in the ‘open method of coordination’ which aims to enforce the long term sustainability of the national social protection systems.
The financial crisis has deeply changed not only the macroeconomic situation of member countries, but also the rules of the game of the coordination which have been defined by the heads of government to face this crisis. But in the absence of effective common response to this crisis, the European central Bank remains the only instrument of control of the EMU. Finally different ways to implement an effective coordination and cooperation between member countries in the long run are envisaged.