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SUERF is the abbreviation of the Association’s original name "Société Universitaire Européenne de Recherches Financières", under which the Association was originally registered.

SUERF is a non-profit association established on 25 November 1963 in Louveciennes, France, by a group of academics and bankers from France, the United Kingdom, the Netherlands and Belgium. SUERF’s focus is on the analysis, discussion and understanding of financial markets and institutions, the monetary economy, the conduct of regulation, supervision and monetary policy, and related issues. 

SUERF’s strength lies in bringing together three pillars of members: central banks and supervisors, financial industry representatives and academics.  Members are drawn from all over Europe and beyond.  SUERF is soundly governed by its Council of Management, which comprises high-ranking representatives drawn from SUERF’s three pillars of members.

SUERF’s objectives are:

  • To promote contacts between practitioners (whether in the public or private sector) and academics, and to act as a forum for the discussion of monetary and financial issues;
  • To organise international events and meetings, focussing on topics central to members’ interests and, as appropriate, jointly with other like-minded bodies;
  • To sponsor and publish policy-oriented, practitioner-friendly, original research in these areas by both academics and practitioners. 

SUERF’s Mission

"SUERF aims to be the pre-eminent independent non-profit European Association designed to create an active network between professional economists, financial practitioners, central bankers and supervisors for the analysis and mutual understanding of monetary and financial issues. This is achieved by international events, publications, and the sponsoring of research."

SUERF is registered as a French non-profit association under the French 1901 Law (Loi du 1er juillet 1901) and is governed by its Articles of Association which are ratified by the General Assembly. Registration number: W751101588.

The Council of Management
The Council is the executive body of the Association, Members of Council are elected by the General Assembly to serve for three years and may be re-elected. 

SUERF‘s day-to-day administration, event management and publications is conducted by the permanent Secretariat, under the supervision of the Secretary General. Since 2000, the Secretariat has been hosted by the Oesterreichische Nationalbank (OeNB) in Vienna.



SUERF’s history

We invite you to explore SUERF’s rich history where we reflect SUERF’s heritage and significant contribution’s to our understanding of key issues in European money and finance. 

1969-1974   Breakdown of the Bretton Woods International Monetary System
1974-1979   Oil Shocks and Bank Failures
1980-1989   Disinflation, Exchange Rate Stabilization and “Marketisation” of Banking  and Finance
1990-1998   The New Europe after the Fall of the Berlin Wall and the Maastricht Treaty
1999-2003   Adjusting West and Converging East
2004-2007   Governance and Asset Management in Globalized and Volatile Markets
2008-2018   Financial, Economic and Sovereign Debt Crisis, Financial Reregulation,
                  Unvonventional Monetary Policies and Economic Recovery


1969-1974: Breakdown of the Bretton Woods International Monetary System

1969 C1 The Future of the International Monetary System
1970 C2 Monetary Policy and New Developments in Banking
1972 C3 Aspects of European Monetary Union
1973 C4 Financial and Monetary Aspects of Developing Multinational Enterprises
1974 C5 Floating Exchange Rates - What is to be learnt from Recent Experience



  • Building the Financial System of a Developing Country, by J.S.G. Wilson


  • European Monetary Integration. A United Kingdom Appraisal, by Peter Coffey and John R. Presley
  • The long term future of interest rates in a high consumption economy, by J.S.G. Wilson
  • Present Interrelationships Between Money and Foreign Exchange Markets, by  Dr. Warren D. McClam


  • Les Marchés Monétaires de Londres, by J.S.G. Wilson
  • The Nature and Uses of Bank Liquidity, by J. E. Wadsworth
  • Monnaie, Liquidité et Tauxd&rsqu;Intérêt, by L.A. Roj
  • Money, Liquidity and Interest Rates, by L.A. Roj
  • Marché de Eur-devises et PolitíqueNationale du Crédit, by F. E. Aschinger
  • The Euro-currency Market and National Credit Policy, by F. E. Aschinger


  • Intégration Monétaire Régionale, by F. Boyer
  • The Theory and Policy of Optimum Currency Areas and their Implications for the European Monetary Union, by FabrizioOmida
  • The Role of Sterling after Britain&rsqu;s entry intthe European Community – a continental view, by H. Weise
  • L’avenir des Centres Financiers dans l’Union Monétaire Européenne, by A. Leeman
  • Monetary and Exchange Rate Policy of the EEC Countries, by  FrancescMasera
  • The Role of Sterling after Britain&rsqu;s entry intthe EEC – a British view, by F. Cassell
  • The Future of Financial Centres in a European Monetary Union, by J.E. Nash
  • Discours d’Ouverture du Colloque “Aspects de l’Unifacation Monétaire Européenne", by Louis Camu
  • Final Report of the Colloquium &ldqu;Aspects of European Monetary Union&rdqu;, by Paul Bareau
  • Emerging patterns of financial management in multinational companies, by Sylvain Plasschaert
  • L`evolution du systemebancaire Francais 1960-1970, by Henri Fournier
  • Struktur des Bankensystems und Geldpolitik, by Prof. Hans E. Büschgen
  • Die Rolle des Pfund Sterling in der Europäischen Wirtschaftsgemeinschaft: in Kontinentaler Sicht, by Herbert Weise


  • Post-war Trends in East European Banking, by F. Pindak
  • La Revision des Droits de Tirage au Fonds Monétaire International, by Robert Mossé
  • A Theoretical Model of Bank Behaviour and its Implications for Monetary Policy, by MariMonti
  • A United Stock Exchange – The Road Ahead, by W.A. Thomas
  • Banks and Payments by Households, by W. Eizenga
  • The Stabilisation Policy of the International Monetary Fund – with particular emphasis on Latin America, by H. Haumer

1974-1979: Oil Shocks and Bank Failures

1976 C6 The Development of Financial Institutions in Europe
1977 C7  New Approaches in Monetary Policy
1979 C8  Europe and the Dollar in the World-Wide Disequilibrium


  • The Swiss Banks in the International Monetary Turmoil, by F. Aschinger
  • Debt Management in the EEC, by P.K. Woolley and J.H. Coates
  • Critical Examination of the Forward Exchange Theory, by P. Prissert
  • Policies for Short Term Capital Flows, by David T. Llewellyn


  • The Economic Future of Britain, by J.S.G. Wilson
  • The Present and Future of the London Merchant Banks, by Cees F. Scheffer
  • La Seigneuriage Américain, by E.S. Kirschen
  • Luigi Einaudi 1874-1974, by Frederico Caffè
  • Open-ended funds: bank experience in France and Britain, by David C. Stafford
  • The Portfolio and Debt Behaviour of British Building Societies, by G. Clayton, J.C. Dodds, M.J. Driscoll and J.L. Ford


  • The London Monetary Markets, by J.S.G. Wilson
  • Some problems of debt management in open economies, by Walter A.S. Koch and Wolf Schäfer


  • La Contrôle de la Masse Monétaire en Autriche, by Dr. Fritz Diwok
  • An Essay in Monetary History: The sad story of how a decade of negotiations to bring more rationality to the international monetary system came to naught, by Dr. T. de Vries


  • The London Monetary Markets, by J.S.G. Wilson
  • An experiment in competition and credit control: The UK Experience Post-1971, by J.S.G. Wilson
  • L’espace monetaire optimal essai d’application à l’Europe, by Michèle Saint Marc
  • Big and little banks economic and historic influences on the size of English Banks, by J.E. Wadsworth
  • Cash Base Control of Bank Deposits and the British Banking System, by G.A. Fletcher
  • An Evaluation of the European Investment Bank – prospect and retrospect, by J. Harrop
  • Hurodollars and International Liquidity: Central Bank Depositing Reconsidered, by Gunter Duffy and Ian H. Giddy
  • The Canadian Banking System: Past, Present and Future, by Joseph J. Vostermans
  • La Base Monétaire en tant qu’Indicateur en Belgique, by A. Sians
  • Monetary Policies in Open Economies, by Geoffrey Maynard, André Szasz, Paul de Grauwe
  • Industrial Banking – a Comparative Survey, by J.S.G. Wilson


  • Insurance and the Capital-Market: Some Anglo-French Comparisons and Contrasts, by J.H. Coates
  • Bank Solvency Regulation and Deposit Insurance in the U.S. and The Netherlands, by Wietze Eizenga and Ian H. Giddy
  • The Role of British Life Insurance Companies in Britain’s Financial Markets, by J.C. Dodds
  • Income Bonds, by A. Kraal and L.J. Verhoeven

1980-1989: Disinflation, Exchange Rate Stabilization and “Marketisation” of Banking and Finance


1980 C9   Bank Management in a Changing Domestic and International Environment 
1982 C10 International Lending in a Fragile World Economy 
1983 C11 Government Policies and the Working of Financial Systems in Industrialized Countries
1985 C12 Shifting Frontiers in Financial Markets 
1986 C13 International Monetary and Financial Integration - the European Dimension 
1988 C14 The International Adjustment Process: New Perspectives, Recent Experience and Future Challenges for the Financial System 
1989 C15 Financial Institutions in Europe under New Competitive Conditions 


  • Fashions in Central Banking, by J.S.G. Wilson
  • The public sector’s financial intermediation, the composition of credit and the allocation of resources, by M. Monti and B. Siracusano
  • The Central Bank and the State in the Light of European Integration – the factors determining the position of central banks of national and international level, by E. Schokker
  • Should the Euro-Currency Market be Controlled? by Gérard Bekerman
  • L’Eveolution de l’ordre monétaire international 1944-1978, by Hicham Mutewall
  • Relationships Between Central Banks and Government in the Determination of Monetary Policy - with special reference to the United Kingdom, by Donald E. Fair
  • Exchange Rate Policy, Monetary Policy and Dutch-German Cooperation, by P. Korteweg
  • The Welfare Effects of Inflation – The British Case, by C.D. Cohen


  • Kapitalmarktintegration und Sparkassen in der E.G., by Wietze und Hans Pfisterer
  • The Evolution of Instruments and Techniques in International Financial Markets, by Gunter Dufey


  • The Kaleidics of Financial Intervention in Greece: a perspective on the present and suggestions for the future, by A.S. Courakis
  • Pension Funds in the United Kingdom Financial Markets, by David Fanning
  • Recycling International Finance: An Appraisal and Proposals for Reform, by Graham Bird
  • Recurrent cost financing as an instrument of development policy, by Walter A.S. Koch and Eva Lang


  • The Independence of the Federal Reserve System and of The Netherlands Bank: A Comparative Analysis, by Wietze Eizenga
  • The Intermediation Economy and International Invisible Exchange: A Conceptual Analysis of Offshore Finance Centre Activity, by Anthony Johns
  • International Financial Integration An analysis of the scope for monetary policy in an international context, with particular reference to the United Kingdom, by By Joseph G. Nellis,
  • Inflation under central planning, by Frantisĕk Pindák
  • New Classical Macroeconomics as seen by an Impressed Non-Believer or, Keynes and the Classics all over again, by Hans Visser
  • Safety Measures, Supervision and Regulation in International Banking: a survey, by Pier Luigi Gilbert
  • Optimal Reserve Asset Composition, Special Drawing Rights, and the Size of a Substitution Account, by
  • Henk Jager and Eelke de Jong
  • Financial Innovation in Canada, by Gordon F. Boreham
  • Britain and the EMS: to be or not to be? by Joseph G. Nellis
  • The British Anti-Inflation Strategy: Implementing Monetarism or Turning to Radcliff? by Colm Kearney
  • Monetary Policy in the Netherlands in the Post Smithsonian Era, by Hans W.J. Bosman
  • World Bank Borrowing Strategy: Basic Principles and Innovative Borrowing Technique in a Changing World Environment, by Bernard Snoy


  • Accounting Framework for Banks: a market value approach, by J. Dermine

Money Market Management in the UK, by J.B. Maximillian


  • The Belgium-Luxemburg Economic Union, by M.A.G. van Meerhaeghe
  • The Expansion and Operation of Indian Banks Abroad, by Adrian E. Tschoegl and P.N. Subba Narasimha
  • Capital Flight from Developing Countries: estimates and determinants for 25 major borrowers, by Dieter Duwendag

1990-1998: The New Europe after the Fall of the Berlin Wall and the Maastricht Treaty


1991 C16  Fiscal Policy, Taxation and the Financial System in an Increasingly Integrated Europe
1992 C17  The New Europe; Evolving Economic and Financial Systems in East and West
1994 C18  The Competitiveness of Financial Institutions and Centres in Europe
1995 C19  Risk Management in Volatile Financial Markets
1997 C20  Corporate Governace, Financial Markets and Global Convergence (on the occasion of Fifty Years after the Marshall Plan – Bernard Snoy)
1998 C21  The Euro: A challenge and opportunity for financial markets

Annual Lectures
1992 “The Restructuring of the Financial Industry: A Central Banking Perspective” by Professor Alexandre Lamfalussy (General Manager of BIS)

1993 "Monetary Co-operation in a Changing Financial Environment” by Dr Wim F. Duisenberg (President of De Nederlandsche Bank N.V) on

1994 "Highly Public-Indebted Countries, Monetary Reform and Convergence Towards EMU” by Professor Mario Monti (President of the Università Commerciale Luigi Bocconi)

1996 “Monetary co-operation beyond the Year 2000 from respectively a French, European and  Global perspective” by Governor Jean-Claude Trichet (Banque de France)

Marjolin Lectures
1996  Evolving Amibtions in Europe’s Monetary Unification  by Prof. Niels Thygesen, University of Copenhagen

1996 Corporate Governance (Prof. Marco Onado, Consob, Italian Securities Commission)
1998 Scenario Thinking for the First Decade of EMU (Richard O’Brien of Global Business Network at BoE)


1999-2003: Adjusting West and Converging East

2000 C22 Adapting to Financial Globalisation
2001 C23 Technology and Finance - Challenges for Financial Markets, Business Strategies and Policy Makers
2003 C24 Stability and Efficiency of Financial Markets in Central and Eastern Europe

Annual Lectures
2000 "Central Banking and the Choice of Currency Regime in Transition Economies" by Willem H. Buiter (EBRD)
2001 “Challenging Times for Regulation of the Financial Services Industry” by Baron Prof. Alexandre Lamfalussy
2002 "A More Comprehensive Approach to Capital Regulation" by Claus Norgren (Chairman, Capital Task Force of the Basel Committee and DG of the Swedish Financial Supervisory Authority)
2003  "Optimal Currency areas and implementation of economic policies" by Jean-Claude Trichet (Gov. Banque de France)

Marjolin Lectures
2000 "Impact of Globalisation on Efficiency in the European Banking Industry: what can we learn from the cost to income ratio?" by Peter Van Dijcke (Artesia Banking Corporation)
2001 "The Inter-Temporal Nature of Risk" by Professor Charles Goodhart (LSE)
2003  ML "The Role of Central Banks in promoting Financial Stability – and Hungarian Experiences"  by Zsigmond Járai (President of National Bank of Hungary)

Events: conference, seminar, workshop, round table

1999 S    Operational aspects in the Euro Zone money markets, (R. Tuffoer at  Banque de France)

2000 S    Challenges and Opportunities of the European Banking System

2001 S    Electronic Banking: Challenges for Regional Banks
        RT  Outstanding Issues with the Basel 2 Capital Accord

2002 C    Competition and Regulation in European Banking
        S    The Role of Regional Stock Exchanges in EMU
       WS  Representation at Annual WEA Conference: 4 papers by M. Summer, OeNB; J. Kellner, DBB; G. Kaufmann, Lyola University of  Chigago; H. Benink, Erasmus University and George Benston, Emory University
       WS  Annual Money, Macro and Finance Research Group Conference, at Warwick University
        S    The Impact on Basel II on Competition in the Financial Industry - A European Perspective at Commerzbank AG

2003 S    Profitability of European Banking: The Challenge of Competitive Market Conditions
        S    Securing Financial Stability: Problems and Prospects for New EU Members
        S    SUERF special session at Annual Conference of MMF on “Competition and Efficiency in Banking” 
        S    40 Years Anniversary "European Monetary and Financial Integration: Evolution and Prospects"


2004-2007: Governance and Asset Management in Globalized and Volatile Markets

2004 C25  Competition and Profitability in European Financial Services: Strategic, Systemic and Policy Issues
2006 C26  Money, Finance and Demography: The Consequences of Ageing

Marjolin Lectures

2004 "The changing Pattern of Payments in the United States" by Anthony M. Santomero
2006 "Global Imbalances: what does population ageing imply for their evolution?" by Prof. Barry Eichengreen (University of Calif. Berkeley)

Annual Lectures
2005  "Stock Market Consolidation and Security Markets Regulation in Europe" by Charlie McCreevey (EC for Internal Market and Services)
2006  "Hedge Funds: what should be the regulatory response?"by Sir Callum McCarthy (Chairman, FSA)
2007  "Problems and Prospects for Enlargement of the Eurozone" by Professor Paul de Grauwe, Katholieke Universiteit Leuven

Events: conference, seminar, workshop
2005   C   Governance and Structure of European Finance after EU Enlargement
          S   The Future for Private Banking in the New EU Member States of Central and Eastern Europe
          C   Open Market Operations and the Financial Markets
          S   Consolidation of European Securities Markets 

2004 WS  Banking Risks in International Markets
         S    The Future of Regional Insurance Companies
         S    Interaction of Monetary and Financial Stability in Small Open Economies

2006  S    The Changing Face of Corporate Financing
         S    De-Regulation and Integration in European Banking
         S    The Adoption of the Euro in the New Member States: 
               Challenges and Vulnerabilities on the Last Stretch

2007  S    Corporate Governance in Financial Institutions
         C    Central and Eastern Europe: Is Economic Convergence on Track?
         C    Financial Markets, Innovation and Growth
         C    Tracking Financial Behaviour: Where do Macro and Micro Meet?


2008-2018: Financial, Economic and Sovereign Debt Crisis, Financial Reregulation, Unconventional Monetary Policies and Economic Recovery

2008 C27  New Trends in Asset Management: Exploring the Implications
2009 C28  The Quest for Stability
2011 C29  New Paradigms in Money and Finance?
2012 C30  State, Banks and the Financing of the Economy
2014 C31  Money, Regulation and Growth: Financing New Growth in Europe
2016 C32  The SSM at 1
2017 C33  Shadow Banking: Financial Intermediation beyond Banks

Marjolin Lectures
2008 "Observations on Future Trends in Asset Management: Challenges and Opportunities" by Professor Robert C. Merton (Harvard)
2009 “On monetary and Financial Stability – Past, Present and Future” by José Viñals (IMF)
2011 "New Paradigms in Central Banking?" by Athanasios Orphanides (Central Bank of Cyprus)
2012 "Money and Banking in Times of Crisis" by Lorenzo Bini Smaghi (Harvard University)
2014 "Sustaining growth in the short run and in the medium run" by Olivier Blanchard (IMF)
2016 “How Central Banks Meet the Challenge of Low Inflation“by Mario Draghi (ECB)
2017 "Gaming the rules or ruling the game? – How to deal with regulatory arbitrage" by Daniéle Nouy (ECB)

Annual Lectures
2008 "Financing for Innovation & Growth“by Vitor Gaspar (BEPA)
2009 "Unconventional monetary policies in time of crisis“by Jaime Caruana (BIS)
2010 “The role of domestic financial markets in an integrated Europe” by Manfred Schepers (EBRD)
2011 "Risk Management: a supervisor’s approach" by Gabriele Bernadino (EIOPA)
2012 "The Interaction of Political, Fiscal & Financial Stability: Lessons from the Crisis" by András Simor (Magyar Nemzeti Bank)
2013 "The value of banks after the great financial expansion" by Lex Hoogduin (University of Amsterdam and LCH Clearnet)
2014 "Is there a crisis in securities regulation?" by Sir Paul Tucker (John F. Kennedy School of Public Management)
2015  "Capital and Banks", by David Miles (Imperial College London)
2016 “FinTech and Central Banks" by Jan Smets (National Bank of Belgium)
2017  "Is the post-crisis financial system more resilient? What remains to be done?”  by Erkki Liikanen (Bank of Finland)
2018 “Monetary policy normalisation: scenarios and risks” by Ewald Nowotny (Oesterreichische Nationalbank)

Commodities, Energy and Finance
Financing SMEs in Europe

Current Trends in the Russian Financial System
Housing Markets - a shelter in the storm or cause of the storm?

Contagion and Spillovers: new insights from the crisis
The Future of Banking in CESEE after the Financial Crisis
Regulation and banking after the crisis
Disclosure and Market Discipline – What Role for Transparency?

Monetary Policy after the Crisis
The Future of Risk Management
The ESRB at 1

Future Risks and Fragilities for Financial Stability
The Interaction of Political, Fiscal and Financial Stability: Lessons from the Crisis
Property Prices and Real Estate Financing in a Turbulent World

The Future of Sovereign Borrowing in Europe
Banking after regulatory reforms: business as usual?
The value of banks and their business models to society
Golden Jubilee 1963-2013 - The Financial Reconstruction of Europe
Banking and Financial Markets between Integration and Segmentation after the Crisis

Two end of the spectrum: the challenges of risk management and effective resolution
Post-Crisis Recovery and the Reconstruction of the Financial Sector
Challenges in Securities and Markets Regulation: Investor Protection and Corporate Governance
Reregulation of the financial sector – economic consequences, costs and benefits

Asset-liability management with ultra-low interest rates
Liquidity and market efficiency - alive and well?
Cash on Trial
Banking Reform

Central Banking and Monetary Policy: Which will be the new normal?
Rethinking Capital Controls and Capital Flows
Global Implications of Europe’s Redesign
Financing Productivity Growth in Europe
FinTech and the Future of Retail Banking

Asset Management at Crossroads
Brexit and the implications for financial services
The Financial System of the Future
New Challenges in Central Banking – Monetary Policy Governance and Macroprudential Issues
Globalisation Dynamics - EU and US perspectives
Investment and Investment Finance

Current and future topics in sovereign debt markets
Monetary and economic policies on both sides of the Atlantic
Monetary policy normalisation: scenarios and risks
Green finance, regulation and monetary policy
Do we need central bank digital currency? Economics, Technology and Institutions
10 Years after the start of the financial crisis: Contours of a new normal
Sustainable Policy Responses: EU and US Perspectives
Financial Disintermediation and the Future of the Banking Sector
Investment, Technological Transformation and Skills

For a full list of our publications,please take a look at:
SUERF Conference Proceedings
SUERF Policy Notes


1963-1968: SUERF’s foundation years in France, relocation to Tilburg University

On 25 November 1963, SUERF (Société Universitaire Européenne de Recherches Financières) is founded on the initiative of Professor Pierre Tabatoni (University of Paris) and Jacques Branger (Director General of the Caisse Nationale des Marchés de l’État – CNME), and bankers from Belgium, France, the Netherlands and the United Kingdom, with the aim of bringing together academics and practitioners to exchange their views and to interact on common areas of interest.

On 11 September 1964, the French Ministry of the Interior issues an Order authorizing SUERF as a “association étrangère”.

In March 1968, SUERF’s Secretariat moves from Paris to the Netherlands, where it was hosted by the John F. Kennedy Institute of International Relations at the University of Tilburg.

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1969: SUERF starts the Colloqium series

The first Colloquium is held in April 1969 in Helvoirt on „The Future of the International Monetary System“. The regularity of the Colloquia since then is testimony to the continuity of SUERF itself over five decades.

“...more than ever, there remains an urgent need for some privileged places in Europe, where academics and practitioners – both public and private – can discuss problems free of institutional constrains and where they can learn to know and appreciate each other. In matters of money, banking and finance, this privileged place should be: SUERF old and new! ...” Prof. Jean-Paul Abraham

1979: First book initiates SUERF’s consistent and successful publication activity

SUERF’s first book „New Approaches in Monetary  Policy" is published (Eds. Wadsworth, J.E., de Juvigny, F. Léonard). 

Since then 30 SUERF Reprints (1969-1984); 58 SUERF Series (original papers; 1970-1990); 20 SUERF Papers on Monetary Policy and Financial Systems (original articles and selected reprints; 1981-1996); SUERF Studies series (since 1997, change in numbering and new cover design in 2003). For SUERF’s electronic publications archive see at: www.suerf.org/books-and-colloquium-volumes



1987: SUERF relocates to Amsterdam

SUERF’s Secretariat moves from Tilburg University to NIBE-SVV in Heerengracht 205, 1016 Amsterdam, The Netherlands.

1992: First SUERF Annual Lecture

On 5 March 1992, Alexandre Lamfalussy (General Manager, Bank for International Settlements - BIS) gives the first SUERF Annual Lecture at City University, London: „The Restructuring of the Financial Industry: A Central Banking Perspective“.

1993: SUERF’s 25th Anniversary

On the occasion of SUERF’s 25th Anniversary, the book “A personal mémoire: SUERF, the first 25 years and beyond” by J.S.G. Wilson (Emeritus Professor of Economics and Commerce, University of Hull) is published.

1995: First SUERF Marjolin Lecture

Robert Raymond (Director General of the European Monetary Institute) delivers the first Marjolin Lecture established by SUERF in memory of Robert Marjolin (1911-1986) one of the founding fathers of the post-war European economy and financial structure.

In awarding the ”Prix Marjolin“, SUERF honours his memory in the tradition followed in the (now discontinued) AMEX Bank Review Award of 1987-1994. The first Marjolin Prize is awarded to Axel Weber (University of Bonn and CEPR) for a paper entitled “Is Central Bank Intervention Effective in Stabilizing Exchange Rates?".

1996: First SUERF Newsletter

SUERF releases the first issue of its 'Newsletter'.

1999: Start of the Euro Area

Prof. Dr. Otmar Issing, member of the Governing Council and the Executive Board of the European Central Bank delivers the 6th Annual lecture “The Euro: a stable currency for Europe”

2000: SUERF moves to Vienna

1 April 2000: SUERF’s Secretariat moves to Austria, where the Oesterreichische Nationalbank – OeNB has since hosted it.

Publication of the book: “The Euro – A challenge and opportunity for financial markets” , edited by Michael Artis, Elizabeth Hennessy, Axel Weber. In this book leading financial professionals and academics examine the prospects for the European single currency. The impact of the euro is assessed in terms of risks and opportunities for financial intermediaries, challenges for monetary and supervisory authorities and issues for portfolio management and corporate finance.

2001: SUERF logo and English name “The European Money and Finance Forum”

SUERF’s Council of Management modernizes SUERF’s corporate identity by changing the logo and adding the English by-line “The European Money and Finance Forum”.

2003: SUERF’s 40th Anniversary

SUERF celebrates its 40th anniversary with a conference on "European Monetary and Financial Integration: Evolution and Prospects" jointly organised with the Banque de France, on 24th October 2003.

On this occasion a special anniversary volume is commissioned. It provides a reflective view of evolving monetary and financial thought as seen through the choice of topics in SUERF Colloquia (1969-2003) and the papers presented and published in its Colloquium volumes: “Monetary and Financial Thinking in Europe: Evidence from Four Decades of SUERF” by Jean-Paul Abraham with an introduction by David T. Llewellyn. 
SUERF’s Articles of Association include a provision of Honorary Members of SUERF who are nominated from time to time by the Council of Management. In 2003, Honorary Membership is conferred to Professor Jean Paul Abraham, Baron Alexandre Lamfalussy and Robert Raymond.

I would like to salute the vision of the founders of this association, and its successive Chairmen, who have enabled SUERF, over the past forty years, to elicit research, publications and seminars on essential areas prompted by developments in the European integration process and the financial industry.“ Jean-Claude Trichet, Governor, Banque de France (1993-2003)

2013: SUERF’s 50th Anniversary

On 22 November 2013 SUERF celebrates its 50th anniversary with a conference hosted by the Banque de France in Paris on the topic  “The Financial Reconstruction of Europe”, and with the publication of a book on “50 Years of Money and Finance: Lessons and Challenges”, by SUERF/Larcier.

“….Throughout half a century of major evolutions of monetary institutions and transformation of the financial system, the SUERF, which has over 300 active members, has managed to spur an indispensable dialogue between economists, financial practitioners, central bankers and academics for the analysis and mutual understanding of monetary and financial issues. I am proud to stress that Banque de France has participated intensively in all the activities of SUERF and, actually, SUERF repeatedly helped us as many other institutions, to decipher economic and financial developments in order to best serve our fellow citizens.” Christian Noyer, Governor, Banque de France (2003-2015) 

In 2013, honorary membership is conferred to Mario Monti and Niels Thygesen in recognition of their outstanding services foreEuropean integration and European monetary and financial arrangements as well as their continuous and loyal support and contributions to SUERF and its activities.

In December 2013, the SUERF and UniCredit & Universities Foundation Research Prize is inaugurated.


2015: Launch of SUERF Policy Notes

In September 2015, SUERF launches the SUERF Policy Notes series with focus on current financial, monetary or economic issues, designed for policy makers and financial practitioners, authored by renowned experts.

2016: SUERF crosses the Atlantic

SUERF holds its first ever conference in the United States of America on the topic of “Global Implications of Europe’s Redesign” , in cooperation with the Columbia University, the European Investment Bank and Société Générale.

2017-2018: SUERF Honorary Membership

Morten Balling, Professor Emeritus, Aarhus University is awarded SUERF Honorary Membership. Professor Balling has been closely connected with SUERF for more than 40 years, and has been an active member of the Council of Management since 1994. He served as Vice President from 1997-2000 and as the Chairman of the Editorial Board from 1997 to 2015. The Honorary Membership was awarded during the 33rd SUERF Colloquium and Bank of Finland Conference in Helsinki on 14 September 2017. On this occasion, Professor Balling  gave the speech “Mind the Gaps”, which we would like to share with you.

Franco Bruni, Professor, Bocconi University, former SUERF President and Vice-President (1994-2000) is awarded SUERF Honorary Membership for his long-standing service for association during the SUERF/Bocconi University conference, in June 2018, in Milan.


2019: Fellowship and Research Affiliate Programme

SUERF introduces the Fellowship and Research Affiliate Programme to provide researchers, practitioners and policy-makers yet further opportunities to interact. The programme offers opportunities to disseminate research to a wider expert audience, to pursue joint activities such as conferences and working groups, and to further develop/strengthen the network between academics, policy-makers and the financial sector.

2019: 20th Anniversary of the Euro

On the occasion of the 20th anniversary of the euro, SUERF together with Banque de France organised the 34th SUERF Colloquium & Banque de France Symposium on "The Euro Area: Staying the Course through Uncertainties" in Paris on 28-29 March 2019.

2019: SUERF Honorary Membership

David T. Llewellyn, Emeritus Professor of Money & Banking at Loughborough University, receives Honorary Membership for his numerous outstanding contributions as a loyal and active SUERF Council and Editorial Board Member (both since 1997), and in his position as President of SUERF (2000-2006).

Marc-Olivier Strauss-Kahn is awarded Honorary Membership for his support of SUERF’s activities, including three major SUERF events held in France and his important work in attaining SUERF’s status of an Association under the French Act of 1901. Marc-Olivier Strauss-Kahn was Member of the Council of Management from 2002-2011 and 2017-2019.   


Ewald Nowotny receives Honorary Membership for supporting SUERF’s mission during his time as Governor of Oesterreichische Nationalbank.



Peter Praet, former executive board member and chief economist of the European Central Bank, receives Honorary Membership in recognition of his support of SUERF and its activities.


2020: Launch of SUERF Policy Briefs

In April 2020, in addition to SUERF Policy Notes shorter SUERF Policy Briefs were introduced; by end 2020, 40 Policy Briefs were published.

2020: Coronomics & SUERF goes virtual

2020 will enter (economic) history books as the “COVID-19” year. COVID-19 implied huge economic shocks, the analysis of which, and response to, offered formidable challenges for policy makers, financial industry professionals and academic researchers. But coping with these challenges also offered valuable learning and development opportunities.  SUERF adapted rapidly to the changing environment, providing without interruption a professional and effective platform for the exchange of ideas through online events/webinars as well as various publication formats.

On 3rd March 2020, SUERF created a dedicated website, as one among the first association, under the name “SUERF Coronomics Info Hub" where SUERF gathered information and links from SUERF members and from various institutions and economists globally on COVID-related measures and analyses. 

1 Janaury 2021: SUERF New Logo

We are pleased to announce the launch of our new logo. The logo exists with and without the subline “The European Money and Finance Forum”, depending on the use case.

2021: Fellowship and Research Affiliate Programme

9th September 2021: The SUERF Council of Management is honoured to welcome the following distinguished economists who have been elected as SUERF Fellows and Research Affiliate

Rym Ayadi (EMEA), Thorsten Beck (European University Institute), Ulrich Bindseil (ECB), Hans Degryse (KU Leuven), Stefan Gerlach (EFG Asset Management), Jordi Gual (IESE Business School; VidaCaixa), Bengt Holnstroem (MIT), David Miles (Imperial College London), Emmanuel Moench (Goethe University Frankfurt), Patricia C Mosser (Columbia University), Dirk Niepekt (University of Bern), Ricardo Reis (LSE), Rafael Repullo (CEMFI Madrid), Jan Svejnar (Columbia University), Rudi Vander Vennet (University of Ghent), Killian Rieder (OeNB)

2023: SUERF’s 60th Anniversary

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