ZAGREB, 25 January, 2021 - The Executive Board of the Central Bank of Hungary (MNB) has decided to give the 2021 Lamfalussy Award, named after the late Baron Alexandre Lamfalussy, the "father" of the euro, to Croatian National Bank (HNB) Governor Boris Vujčić.
The MNB Executive Board said it wanted to acknowledge Vujčić's achievements as HNB Governor, namely the reform of Croatia's monetary policy that had enabled the stability of the kuna in relation to the euro, which led to Croatia's accession to the European Exchange Rate Mechanism II (ERM II) last summer.
The MNB Executive Board also cited Vujčić's role in organising the Dubrovnik Economic Conference, which is attended every year by renowned economists and creators of monetary policies from around the world.
Vujčić, the keynote speaker at an online conference on the future of monetary policy after COVID-19 pandemic, thanked the MNB for the award.
Lamfalussy, a Belgian economist and central banker, was born in 1929 in Kapuvár, Hungary. He studied at the Catholic University in Leuven and Nuffield College in Oxford, where he earned a PhD in economics. He took part in the work of the Delors Commission, which laid foundations for the European Economic and Monetary Union, was the first president of the European Monetary Institute and had a prominent role in the establishment of the European Central Bank and in the creation of regulations of the European financial system.
The MNB established the Lamfalussy Award in 2014.
