Marjolin Prize

The author of the paper selected by the SUERF Council for having made the best contribution to the Colloquium will be awarded a Prix Marjolin (EUR 2,000). The award is restricted to papers whose authors are under 40 on the first day of the Colloquium. SUERF wishes to honour Robert Marjolin's memory by supporting a young outstanding author's publication. The awarded contribution will be published in the SUERF Colloquium publications.

Robert Marjolin

Robert Marjolin (1911-1986) was one of the most distinguished European economists of his generation and a leading architect of post-war Europe. From 1948 until 1955 he was the first Secretary General of the OEEC (Organization for European Economic Co-operation). This organization was established to channel US Marshall Aid into the reconstruction of Europe. Marjolin was a leading negotiator of the Treaty of Rome for France and Vice President of the European Commission for finance and economics for 10 years. He served as a Professor of Economics at the University of Paris and the University of Nancy, and in the private sector as advisor to leading European and US Companies.

SUERF Marjolin Prize Winners

Marjolin Prize 2009

On Friday, 4th September, 2009, the 2009 Marjolin Prize was awarded to Maria Hoerova, an Economist in the Financial Research Division at the European Central Bank, for her paper: Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk, co-written by Florian Heider and Cornelia Holthausen (also ECB).

The topic of the Colloquium was: "The Quest for Stability". The prize of EUR 2,000 was presented by Mr. José Viñals (Financial Counsellor and Director, Monetary and Capital Markets Department, International Monetary Fund, Washington DC), who delivered the 2009 Marjolin Lecture entitled "On Monetary and Financial Stability - Past, Present and Future"

Marjolin Prize 2008

On Saturday, 14th June, 2008, the 2008 Marjolin Prize was awarded to Tobias Berg, a PhD Student at the Technical University of Munich, for his paper: Linking Credit Risk Premia to the Equity Premium

The topic of the Colloquium was: "New Trends in Asset Management: Examining the Implications". The prize of EUR 2,000 was presented by Professor Robert C. Merton (John and Natty McArthur University Professor at the Harvard Business School, Boston), who delivered the 2008 Marjolin Lecture entitled "Observations on Future Trends in Asset Management: Challenges and Opportunities"

Marjolin Prize 2006

On Saturday, 14th October, 2006, the Marjolin Prize 2006 was awarded to Vincenzo Galasso, IGIER-Bocconi University and CEPR, for his paper: Postponing Retirement: the Political Push of Ageing

The topic of the Colloquium was: "Money, Finance and Demography: the Consequences of Ageing". The prize of EUR 2,000 was presented by Professor Barry Eichengreen (George C. Pardee and Helene N. Pardee Professor of Economics and Political Science, University of California, Berkeley), who delivered the 2006 Marjolin Lecture entitled "Ageing and China"

Marjolin Prize 2004

On Saturday, 16th October, 2004, the Marjolin Prize 2004 was awarded to Michael Koetter, Utrecht School of Economics, for his paper: "The Magnitude of Distortions when Measuring Bank Efficiency with Misspecified Input Prices"

The topic of the Colloquium was: "Competition and Profitability in European Financial Services: Strategic, Systemic and Policy Issues". The prize of EUR 2,000 was presented by Dr Anthony M. Santomero (President of the Federal Reserve Bank of Philadelphia), who delivered the 2004 Marjolin Lecture entitled "The Changing Pattern of Payments in the United States"

Marjolin Prize 2003

On Saturday, 14th June, 2003, the Marjolin Prize 2003 was awarded to Alicia García-Herrero and Pedro del Rio, Banco de España, for their paper: Implications of the Design of Monetary Policy for Financial Stability.

The topic of the Colloquium was: "Stability and Efficiency of Financial Markets in Central and Eastern Europe". The prize of EUR 2000 was presented by Dr Zsigmond Járai (President of the National Bank of Hungary), who delivered the 2003 Marjolin Lecture entitled "The Role of Central Banks in Promoting Financial Stability - and the Hungarian Experiences"

Marjolin Prize 2001

On Saturday, 27th October, 2001, the Marjolin Prize 2001 was awarded to Messrs Hans Degryse and Mark Van Achter, KU Leuven for their paper: Alternative Trading Systems and Liquidity.

The topic of the Colloquium was: "Technology and Finance: Challenges for Financial Markets, Business Strategies and Policymakers". The prize of EUR 2,000 was remitted by Professor Charles Goodhart (London School of Economics), who held the Marjolin Lecture 2001 on "The Inter-Temporal Nature of Risk".

Marjolin Prize 2000

On Saturday, April 29th, the Marjolin Prize 2000 was awarded to Peter Van Dijcke, Senior Economist, Artesia Banking Corporation, Brussels for his paper: "Impact of Globalisation on Efficiency in the European Banking Industry: What Can We Learn from the Cost to Income Ratio?"

The topic of the Colloquium was: Adapting to Financial Globalisation. The prize of EUR 2,000 was remitted by Tommaso Padoa-Schioppa, European Central Bank, who delivered the 2000 Marjolin Lecture on "Is A Euroland Banking System Already Emerging?"

Marjolin Prize 1998

On Saturday, October 17th, the 1998 Marjolin Prize was awarded to Rudi vander Vennet, University of Ghent for his paper: Universal Versus Specialised Banking: The European Evidence?

The topic of the Colloquium was: The Euro: A Challenge and Opportunity for Financial Markets (Frankfurt, October 15-17, 1998). The prize, an amount of ECU 2000, was remitted to the laureate by Niels Thygesen at the Johann Wolfgang Goethe University in Frankfurt. On this occasion Niels Thygesen, Professor at the University of Copenhagen, Institute of Economics, Past President of SUERF, held the Robert Marjolin Lecture 1998 under the title: Evolving Ambitions in Europe's Monetary Unification

Marjolin Prize 1997

On Saturday, May 17, the Marjolin Prize 1997 was awarded to Dr. Luc Renneboog from the Department of Applied Economics, Katholieke Universiteit Leuven, Belgium for his paper: Ownership, Managerial Control and The Governance of Companies listed on the Brussels stock exchange.

The topic of the Colloquium was: Corporate Governance, Financial Markets and Global Convergence (Budapest, May 15-17,1997). The prize was remitted to the laureate by Prof. Alexandre Lamfalussy, President of the European Monetary Institute at the Budapest Academy of Science. On this occasion, Prof. Lamfalussy held the Robert Marjolin Lecture 1997 under the title: Back to Fundamentals: Why a Monetary Union?

Marjolin Prize 1995

The Marjolin Prize 1995 was awarded to Dr. Axel A. Weber, Professor for Economic Theory at the University of Bonn, for his paper: Is Central Bank Intervention Effective in Stabilizing Exchange Rates?

The topic of the Colloquium was: Risk Management in Volatile Financial Markets (Thun, September 1995). On this occasion, Mr. Robert Raymond, Director General of the European Monetary Institute delivered the Robert Marjolin Lecture 1995 entitled: Central Banking and Market Volatility.