Olga Radzyner Award

Award for scientific work on European economic integration bestowed on young economists from Central, Eastern and Southeastern Europe.

Call for entries

In 2000, the Oesterreichische Nationalbank (OeNB) established an award to commemorate Olga Radzyner, former Head of the OeNB’s Foreign Research Division, who died in a tragic accident in August 1999. The award is bestowed on young economists for excellent research on topics of European economic integration.

Over the past years, the Olga Radzyner Award has been bestowed on the following economists:


    • Piotr Denderski and Wojciech Paczos (Poland) for their work „Foreign Banks and The Bank Lending Channel“
    • Arta Hoxha (Kosovo) for her work „Explaining the impact of the global financial crisis on european transition countries: A GVAR approach“
    • Stjepan Srhoj (Croatia) for his work „Getting ready for EU Single Market – the impact of development grants on firm competitiveness“
    • Andrzej Torój (Poland) for his work „Managing external macroeconomic imbalances in the EU: the welfare cost of scoreboard-based constraints“


    • Ernests Bordans (Latvia) und Madis Teinemaa (Estonia) for their work "Baltic Tigers Facing the Middle-Income Trap?"
    • Edvard Orlic (Croatia) for his work "Cross sectoral FDI spillovers and their impact on manufacturing productivity"
    • Oana Peia (Romania) for her work "Banking crises, R&D investments and slow recoveries"


    • Marta Bisztray (Hungary) for her work „The Effect of FDI on Local Suppliers: Evidence from Audi in Hungary“
    • Zoryana Olekseyuk (Ukraine) for her work „Modeling of FDI in Business Services: Additional Effects in Case of Ukraine’s European Integration“
    • Nadja Stanova (Slovakia) for her work „Effects of Fiscal Shocks in New EU Members estimated from a SVARX Model with Debt Feedback“
    • Iva Tomic (Croatia) for her work „What drives Youth Unemployment in Europe?“


    • Tomislav Globan (Croatia) for his work “Financial Integration, Push Factors and Volatility of Capital Flows – Evidence From EU New Member States”
    • Ildiko Magyari (Romania) for her work “Does Financial Liberalization Promote Imports?”
    • Dzsamila Vonnak (Hungary) for her work “Determinants and Riskiness of Corporate Foreign Currency Lending: the Case of Hungary”
    • Vukan Vujic (Serbia) for his work “Internal Capital Markets and Transmission of the Crisis: Evidence from Foreign Bank Subsidiaries in Eastern Europe”


    • Calin-Vlad Demian (Romania) for his work “The European Union and the Gains from Trade?”
    • Biljana Jovanovic and Branimir Jovanovic (Former Yugoslav Republic of Macedonia) for their work “Does Ease of Doing Business Matter for Investment in Eastern European Countries?”
    • Balint Menyhert (Hungary) for his work “Economic growth spurred by diversity: Central Europe at the turn of the 20th century.”
    • Peter Toth (Slovakia) for his work “Currency Shocks to Export Sales of Importers: A Heterogeneous Firms Model and Czech Micro Estimates”


    • Selena Begovic (Bosnia and Herzegovina) for the paper “Estimation of the Effects of Currency Board Arrangements on Inflation Performance in European Transition Countries”
    • Jane Bogoev (Former Yugoslav Republic of Macedonia) for the paper “What drives bank lending in domestic and foreign currency loans in a small open transition economy with fixed exchange rate? The case of Macedonia”
    • Rilind Kabashi (Former Yugoslav Republic of Macedonia) for the paper “The cyclical character and determinants of fiscal policy in transition countries”
    • Krisztina Orban (Hungary) for the paper “Is there a relationship between who you trade with and who you bank with?”


    • Audre Biciunaite and Povilas Lastauskas (Lithuania) for the paper “Integration Within System and Sub-system: Evidence from the Baltics”
    • Olena Havrylchyk (Ukraine) for the paper “The effect of foreign bank presence on firm entry and exit in transition economies”
    • Osman Rraci (Kosovo) for the paper “Foreign banks in transition economies and their impact on credit availability to firms and in particular to small firms”
    • Marina Tkalec (Croatia) for the paper “The dynamics of deposit euroization in European post-transition countries: evidence from threshold VAR”


    • Bejtush Kicmari (Kosovo) for the paper “Determinants of foreign direct investment in South East European countries”
    • Katarína Lukácsy (Slovakia) for the paper “Price Setting Mechanisms from the Perspective of the European Economic Integration”
    • Marjan Petreski (Former Yugoslav Republic of Macedonia) for the paper “An Overhaul of Doctrine: Has Inflation Targeting Opened New Era in Developing-country Peggers?”
    • Anna Watson (Poland) for the paper “The Impact of Trade Integration and Competition on real and nominal Price Rigidities: Insights from a New-Keynesian DSGE Model”


    • Tomas J. Havranek (Czech Republic) for the paper “Rose Effect and the Euro: Is the Magic Gone?”
    • Daniel Hollo (Hungary) for the paper “Estimating Price Elasticities on the Hungarian Consumer Lending and Deposit Markets: Demand Effects and Their Possible Consequences”
    • Cecilia Hornok (Hungary) for the paper “Trade Without Borders: Trade Effect of the 2004 EU Enlargement”
    • Aleksandra Parteka und Joanna Wolszczak-Derlacz (Poland) for the paper “The Impact of Trade and Outsourcing on Skill-Specific Wage Convergence in the Integrating Europe”


    • Jan Babecky (Czech Republic) for the paper “Trade Integration and Synchronization of Shocks”
    • Gábor Békés (Hungary) for the paper “Location of Multinationals and Corporate Proximity: Evidence from Hungary”
    • Sokol Havolli (Kosovo) for the paper “Determinants of Emigrant Earnings and Remittances: Evidence from Kosovo”
    • Agnieszka Stazka (Poland) for the paper “Polen auf dem Weg zur Wirtschafts- und Währungsunion: Der flexible Wechselkurs als ein Instrument zur Absorption asymmetrischer Schocks”


    • Jan Bruha and Jiri Podpiera (Czech Republic) for the paper “Transition Economy Convergence in a Two Country Model: Implications for Monetary Integration”
    • Anna Lipinska (Poland) for the paper “The Maastricht Convergence Criteria and Optimal Monetary Policy for the EMU Accession Countries”
    • Rosen Stoyanov Marinov (Bulgaria) for the paper “Competitive Pressure in Transition: A Role for Trade and Competition Policies?”
    • Béla Szörfi (Hungary) for the paper “Development and Regional Disparities”


    • Jaroslav Borovicka (Czech Republic) for the paper “Banking Efficiency and Foreign Ownership in Transition: Is there an Evidence of a ‘Cream-Skimming’ Effect?”
    • Marcin Kolasa (Poland) for the paper “How Does FDI Inflow Affect Productivity of Domestic Firms? The Role of Horizontal and Vertical Spill-Overs, Absorptive Capacity and Competition”
    • Anna Naszodi (Hungary) for the paper “Are the Exchange Rates of the EMU Accession Countries Anchored by their Expected Euro-Locking Rates?”
    • Katja Zajc-Kejzar (Slovenia) for the paper “Effects of Foreign Direct Investment on Industry Structure: A Host-Country Perspective”


    • Zsolt Darvas (Hungary) for the paper “Monetary Transmission in the New Members of the EU: Evidence from Time-Varying Coefficient Structural VARs”
    • Agnieszka Paulina Markiewicz (Poland) for the paper “Choice of Exchange Rate Regime in Central and Eastern European Countries: An Empirical Analysis”
    • Saso Polanec (Slovenia) for the paper “Supply Side Mechanisms in Transition”


    • Tamara Bašic (Bosnia and Herzegovina) for the paper “What are the Costs and Benefits of Currency Boards”
    • Kristina Karagyozova (Bulgaria) for the paper “The Bank Credit Market in Bulgaria: Factors behind the Current Expansion and Implications for Financial Stability”


    • Rafal Kierzenkowski (Poland) for the paper “The Multi-Regime Bank Lending Channel and the Effectiveness of the Polish Monetary Policy Transmission during Transition”
    • Adriana Lojschová (Slovakia) for the paper “Estimating the Impact of the Balassa-Samuelson Effect in Transition Economies”
    • Márton Nagy and Csaba Móré (Hungary) for the paper “Relationship between Market Structure and Bank Performance: Empirical Evidence for Central and Eastern Europe”


    • Mirsada Buric (Bosnia and Herzegovina) for the paper “FDI and its Impact on National Economy: A Cross-Country Comparative Analysis of CEECs, Bosnia and Herzegovina, Croatia”
    • Balázs Égert (Hungary) for the paper “Reconsidering the Balassa-Samuelson Model as a Yardstick for Real Exchange Rate Determination in Transition Economies. A Tale from Central and Eastern Europe”
    • Vladimír Zlacký (Slovakia) for the paper “Political Institutions and Pricing of Bonds on the International Markets”