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Signing of a Memorandum of Understanding on the South-Eastern European Monetary History Network (SEEMHN)

22/06/2017 - Press Releases

The Bulgarian National Bank, the Bank of Greece, the Oesterreichische Nationalbank and the National Bank of Romania signed yesterday a Memorandum of Understanding (MoU) on the South-Eastern European Monetary History Network (SEEMHN).

The SEEMHN was established in April 2006, at the initiative of the Bulgarian National Bank and the Bank of Greece, as an informal network with the main objective of disseminating knowledge about South-Eastern European monetary history and policy. Since its launch, the SEEMHN activities have attracted central banks, scholars and researchers from Western Europe and the United States. The SEEMHN has organised annual conferences and workshops, serving as a platform for cooperation for central banks active in the research of monetary history of the region. Recognising the need for reliable empirical data on the region, a data collection project was successfully implemented to produce a database, published in December 2014, entitled South-Eastern European Monetary and Economic Statistics from the Nineteenth Century to World War II.

Acknowledging the past achievements and in order to further develop and strengthen the SEEMHN, the signatories to the new MoU have declared their objective to explore the monetary history of South-Eastern European countries, encourage cooperation and exchange between the central banks to promote systematic study in this field, and increase the visibility of the region in international academic research.

The SEEMHN will interact with other central banks, competent authorities, national and international research networking organisations, scholars and researchers. The SEEMHN activities will take the form of joint research projects, working meetings and conferences.

The MoU was signed in Frankfurt am Main by Governor Dimitar Radev for the Bulgarian National Bank, Governor Yannis Stournaras for the Bank of Greece, Governor Ewald Nowotny for the Oesterreichische Nationalbank, and Deputy Governor Liviu Voinea for the National Bank of Romania. The SEEMHN will be open to the participation of other central banks.

Picture, from left: the Deputy Governor of the National Bank of Romania Liviu Voinea, the Governor of the Bulgarian National Bank Dimitar Radev, the Governor of the Oesterreichische Nationalbank Ewald Nowotny and the Governor of the Bank of Greece Yannis Stournaras.

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