The Euro: A Stable Currency Without a State
Professor Otmar Issing, former chief economist of the European Central Bank (ECB), spoke about the euro, the topic of his new book, at the Institute's sixth Whitman Lecture on November 18, 2008.
Issing, as a founding member of the executive board of the ECB (1998–2006), was one of the principal architects of the euro. Prior to that, he was a member of the board of the Deutsche Bundesbank with a seat on the Central Bank Council from 1990 until 1998. He is now chairman of the advisory board of the House of Finance at Frankfurt University and president of the Center for Financial Studies. Issing chaired the panel that presented conclusions at the G-20 summit November 14–15, 2008. In addition to several books, he has published numerous articles in scientific journals and periodicals.
The Whitman Lecture series was created in 2001 by Robert and Marina von Neumann Whitman. Marina Whitman is professor of business administration and public policy at the University of Michigan. She formerly served as vice president and group executive for public affairs at General Motors, as a member of the Council of Economic Advisers, and as distinguished public service professor of economics at the University of Pittsburgh. She has been a member of the Institute's Board of Directors for many years. Previous Whitman Lectures have been presented by Martin Wolf, Mario Monti, Noboru Hatakeyama, Assar Lindbeck, and Joaquín Almunia.