Press Release

On November 4, 2002, on occasion of this year’s East-West Conference of the Oestrreichische Nationalbank, Vice Governor Gertrude Tumpel-Gugerell presented the Olga Radzyner Award for Scientific Work on Monetary and Finance Themes for Young Economists from Central, Southeastern and Eastern European Transition Economies. The EUR 2,500.- prize, now awarded for the third time, was established by the Oesterreichische Nationalbank in commemoration of Olga Radzyner, former Head of the OeNB’s Foreign Research Divison and pioneer of the Bank’s Eastern European analysis activities, who died in a tragic accident three years ago. 

This year’s Olga Radzyner Award goes to 

• Vladimír Zlacký (Slowakische Republik) mit seiner Studie "Political Institutions and Pricing of Bonds on the International Markets",
• Balázs Égert (Ungarn) mit seiner Arbeit "Reconsidering the Balassa-Samuelson Model as a Yardstick for Real Exchange Rate Determination in Transition Economies. A Tale from Central and Eastern Europe",
• Mirsada Buric (Bosnien und Herzegovina) mit "FDI and its Impact on National Economy: A Cross-Country Comparative Analysis of CEECs, Bosnia and Herzegovina, Croatia".

 

At the presentation ceremony, Vice Governor Gertrude Tumpel-Gugerell pointed out that the Olga Radzyna Award demonstrates the key importance the OeNB attaches to promoting economic research in the Central and Eastern European transition economies. The Olga Radzyner Award has come to represent an essential element in the OeNB’s technical cooperation with Central and Eastern Europe, alongside the training programs for young financial experts from transition countries organized in cooperation with the Joint Vienna Institute and the close bilateral links maintained with central banks and research institutions in the CEECs.