ZEW Economist Professor Sascha Steffen Awarded the Marjolin Prize

Professor Sascha Steffen, head of the Research Department "International Finance and Financial Management" at the Centre for European Economic Research (ZEW), has been awarded the SUERF Marjolin Prize, along with his colleague Dr. Josef Korte from the Goethe University Frankfurt. The award, which is bestowed each year by the European Money and Finance Forum (SUERF) and the Deutsche Bundesbank, is named after the French economist and former Secretary General of the Organisation for European Economic Co-operation (OEEC), Robert Marjolin.

Sascha Steffen and Josef Korte received the prize for the best submitted paper with the title "Zero Risk Contagion: Banks' Sovereign Exposure and Sovereign Risk Spillovers", a publication concerning risk financing of credit institutions. The prize was presented during the 32nd SUERF Colloquium, which took place in Frankfurt am Main. The prize is awarded along with EUR 2,000 and also includes membership to the SUERF Association.

The Marjolin Prize was first awarded in 1995 in Thun, Switzerland, and serves to recognise contributions from the field of economic research, which are of relevance for Europe.