Lamfalussy was founding president of the European Monetary Institute (1994-1997), an institution that preceded the ECB, where he led the “unprecedented huge preparatory work for the establishment of the ECB in July 1998 and the launch of the single currency in January 1999 “, said today (11.05.2015) the European Central Bank in a statement, in which the institution regretted the loss of economist. “The name of Alexandre Lamfalussy will always be inextricably linked to the single currency and the ECB,” said Central Bank. Lamfalussy was founding president of the European Monetary Institute (1994-1997), an institution that preceded the ECB, which led the “unprecedented huge preparatory work for the establishment of the ECB in July 1998 and the launch of the single currency in January 1999″ . “Under his administration, cornerstones for the construction of the euro and its central bank stones settled,” the ECB. Belgian economist of Hungarian origin and born on April 26, 1929, was president between 1994 and 1997 of the “Delors Committee” created by the president of the European Commission Jacques Delors to pave the way for the launch of the single currency European. He defined a strategy to stop the ECB monetary policy and conceived the tools to implement monetary union. He also outlined a system of pan-European payment and settlement and set the characteristics of euro banknotes. (Efe)
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