Dear Sir or Madam,

We hereby would like to invite you to the upcoming VOSTA-Seminar with the title

„Die Bank. Das Geld. Der Staat.“
Central Banking in Austria, 1816–2016

Date

Wednesday, April 27th, 2016 at 3 p.m.

Location

Oesterreichische Nationalbank

Otto-Wagner-Platz 3, 1090 Vienna

Veranstaltungssaal, Ground Floor

Abstract

Caught up in the costly Napoleonic wars, Austria went into sovereign default in 1811. Five years on, the public authorities founded a national bank to be financed and run by private shareholders, the idea being that an independent bank would help rebuild trust in money. During the 200 years that followed, the Nationalbank emerged from the treasury’s banker of choice into a central bank, and from a private stock corporation into a public institution. Yet the challenges facing today’s Nationalbank are a surprising echo of the past.

At the occasion of this year’s bicentennial, Clemens Jobst and Hans Kernbauer have undertaken to trace the monetary history of Austria, from the Nationalbank’s predecessor, the Wiener Stadtbanco, to Austria’s integration into the euro area today. In the presentation they will explain their approach to the Bank’s history. The book has been published in German as well as in an English translation under the title „The Quest for Stable Money.“

Program

·         Introduction

Doris Ritzberger-Grünwald (OeNB)

·         Presentation of the book

Clemens Jobst (OeNB) und Hans Kernbauer (Economics University Vienna)

·         Comments

Marc Flandreau (Graduate Institute Geneva)

We ask you to reply by the latest of Monday, April 25th, 2016.

We are looking forward to your participation and if you have any questions, please do not hesitate to contact us.

Yours faithfully,

Event-Management

________________________

Oesterreichische Nationalbank

Abteilung für Öffentlichkeitsarbeit

Communications Division

Event-Management

Phone: +43-1-404 20-6620

Fax: +43-1-404 20-6697

E-Mail:  event-management@oenb.at