The SUERF Marjolin Prize
First awarded at the Colloquium held in Thun, Switzerland, in 1995 the SUERF Marjolin Prize (Prix Marjolin) is awarded to the author(s) of the paper selected by the SUERF Council as having made the best contribution to the Colloquium, with the award being 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 normally be published in SUERF publications.
The SUERF Marjolin Lecture
In addition to the Marjolin Prize, there has also been a SUERF Marjolin Lecture delivered at all Colloquia since its inception in 1995. An eminent speaker delivers a Lecture on a topic closely related to the topic of the accompanying Colloquium. Past SUERF Marjolin Lecturers have included a Nobel Laureate and eminent speakers from the world of money and finance.
About 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 and Marjolin Lecturers
The 2012 SUERF Marjolin Prize was awarded to Andrew Gimber, a PhD student at the European University Institute in Florence, Italy for his paper: Bank resolution, bailouts and the time consistency problem. The topic of the Colloquium was: "States, Banks, and the Financing of the Economy.". The prize of EUR 2,000 was presented by Professor Urs Birchler, SUERF President. The 2012 SUERF Marjolin Lecture was delivered by Dr. Lorenzo Bini Smaghi, Visiting Scholar at Harvard's Weatherhead Center for International Affairs, on "Money and Banking in Times of Crisis".
The 2011 SUERF Marjolin Prize was awarded to Stefan Kerbl, an Economist in the On-Site Banking Inspections Division of the Oesterreichische Nationalbank for his paper: Regulatory Medicine against Financial Market Instability: What helps and what hurts?. The topic of the Colloquium was: "New Paradigms in Money and Finance?". The prize of EUR 2,000 was presented by Professor Catherine Lubochinsky, SUERF President. The SUERF Marjolin Lecture was delivered by Governor Athanasios Orphanides, Governor of the Central Bank of Cyprus, on "New Paradigms in Central Banking?".
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".
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"
The 2006 Marjolin Prize 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"
The 2004 Marjolin Prize 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"
The 2003 Marjolin Prize 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"
The 2001 Marjolin Prize 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".
The 2000 Marjolin Prize 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 SUERF Marjolin Lecture on Is A Euroland Banking System Already Emerging?
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, delivered the 1998 SUERF Marjolin Lecture on Evolving Ambitions in Europe's Monetary Unification
The 1997 Marjolin Prize 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 1997 SUERF Marjolin Lecture on: Back to Fundamentals: Why a Monetary Union?
The 1995 Marjolin Prize 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 inaugural SUERF Marjolin Lecture on Central Banking and Market Volatility.