Fourth annual SEEMHN conference

On 27 March 2009, the National Bank of Serbia hosted the 4th Annual Conference of the South-East European Monetary History Network (SEEMHN)1. The first three annual conferences were successfully organised in Sofia (BNB) in 2006, Vienna (OeNB) in 2007 and Athens (BoG) in 2008. The Belgrade conference gathered more than 30 economists, economic historians and representatives of central banks from 11 countries: Austria, Bulgaria, England, France, Germany, Greece, Romania, Russia, Serbia, Slovenia and Turkey. The National Bank of Serbia has been a SEEMHN member since the network’s foundation and its representatives have taken part in all previous SEEMHN conferences. 

The main topic of the conference was: “Economic and Financial Stability in Southeastern Europe in a Historical and Comparative Perspective”. At four sessions (Financial Stability and Monetary Policy, Financial Stabilisation in the Interwar Period, Business Cycles and Financial Stability, Hyperinflation and Stabilisation) 17 working papers were presented (Conference Programme).

Conference proceedings2

Economic and Financial Stability in SE Europe in a Historical and Comparative Perspective : conference proceedings, Fourth South-Eastern European Monetary History Network (SEEMHN)
ISBN 978-86-85277-28-3


  1. Common factors in South-East Europe’s business cycles 1899 - 1989
    Matthias Morys, University of York
    Martin Ivanov, Bulgarian Academy of Sciences
  2. „What did guide investors decisions” during the classical gold standard era? The case of Ottoman Empire, 1880-1914
    Ali Coskun Tuncer, LSE and Ondokuz Mayis University
  3. Financial stability, monetary autonomy and fiscal interference: Bulgaria in search of its way, 1879-1913
    Kalina Dimitrova, Bulgarian National Bank
    Luca Fantacci, Bocconi University, Milan
  4. Monetary conditions in the Kingdom of Serbia (1884-1914)
    Branko Hinić, National Bank of Serbia
    Milan Sojić, National Bank of Serbia
    Ljiljana Đurđević, National Bank of Serbia
  5. Banking crisis in Germany and the first step towards recovery
    Martin J. Pontzen, Deutsche Bundesbank
  6. Charles Rist and the French missions in Romania 1929-1933. Why the „money doctors“ failed?
    Dominique Torre, University of Nice Sophia-Antipolis - GREDEG - CNRS
    Elise Tosi, CERAM Business School
  7. Finance and development in Southeast Europe in the interwar period
    Kiril Kossev, University of Oxford
  8. The National Bank of Romania during the years of the Great Depression – 1929-1933
    Elisabeta Blejan, National Bank of Romania
    Brîndusa Costache, National Bank of Romania
    Adriana Aloman, National Bank of Romania
  9. Slovenian banks during Great Depression
    Žarko Lazarević, Institute for Contemporary History, Slovenia
  10. Historical Archives of Societe Generale and economic stability in South-Eastern Europe. Presentation and new perspectives of research
    Xavier Breuil, Historical Archives Société Générale
  11. Foreign long term government loans of Serbia 1862-1914
    Dragana Gnjatović, Faculty of Geo-Economy, Megatrend University
  12. The economic and financial stability in Turkey: a historical perspective
    Yuksel Gormez, Central Bank of Turkey
    Serkan Yigit, Central Bank of Turkey
  13. Foreign financial capital as the catalyst of Serbian economic development before the Second World War
    Vesna Aleksić, Faculty of Geo-Economy, Megatrend University
  14. World financial crisis and behaviour of short-term interest rates – international and domestic aspects
    Đorđe Đukić, Faculty of Economics, University of Belgrade
    Mališa Đukić, Belgrade Banking Academy, Union University
  15. Do the new EU member states form an Optimum Currency Area with the eurozone? Evidence from six Central and Eastern European Countries
    Dimitrios Sideris, Bank of Greece and Panteion University
  16. Essentiality of money and money demand in explosive hyperinflation
    Alexandre Sokić, Pôle Universitaire Léonard de Vinci
  17. Serbian foreign exchange market during 2004-2008
    Mario Jovanović, Ruhr-University Bochum

The South-Eastern European Monetary History Network (SEEMHN) was established in April 2006 at the initiative of the Bulgarian National Bank and the Bank of Greece, with the main objective of spreading knowledge about SEE economic history as an integral part of European experience. The network focuses particularly on financial and monetary history and brings together representatives of central banks, economists and economic historians. Furthermore, the SEEMHN Data Collection Task Force was established within the network, aimed at establishment of a database with 19th and 20th century financial and monetary statistics of SEE countries.

The views expressed in papers are those of the authors and do not necessarily reflect the official views of their respective institutions or of the National Bank of Serbia.