Speech of Governor Dimitar Bogov at the launch of the publications “Bibliography of Central-Banking Activities: 1946-2016” and “Research Thought in the NBRM: 1992-2015”, Skopje, 17.10.2016
Ladies and gentlemen,
It is an honor to greet you at yet another event to mark 70 years of central banking in the Republic of Macedonia. Today's event is dedicated to the research in the past 70 years of central banking, emphasizing the importance of research in the development and promotion of central-banking operations.
Science and research are the foundation of central banking worldwide. Consequently, the National Bank of the Republic of Macedonia, in all its stages of existence and functioning over the past 70 years, has nurtured the interest in research as a fundament of healthy operating policies. Today we have launched two publications: Bibliography of Central-Banking Activities in the Republic of Macedonia: 1946 - 2016 and Research Thought in the NBRM: 1992 - 2015 (review of papers). Both publications present the rich, diverse and outstanding research papers from different areas of the economy - directly or indirectly related to the central-banking activities, gradually upgraded through the contribution of many staff members during the seven decades of central banking. We should also emphasize the contribution of prominent university professors, bank and financial workers, and economic analysts. It points to the central-banking issues (in a broader sense) as an extremely fruitful area for research activity in the Republic of Macedonia. On this occasion, I would like to point out that the bibliography of papers in this area of the past seven decades is the first attempt of its kind and we hope that the public will understand if some papers, especially those created in the distant past, are quite inadvertently missed out due to their unavailability, which I hope will be rectified in the next edition of this publication.
It is worth to note that the chronological overview of the research papers indicates the constant following of the evolution of research thought and economic practice, which made the economic research gradually evolve - from analyses of the main links between economic variables, through analyses of specific conditions in the economy, to contemporary studies that offer quantification of the analyzed links based on statistical and econometric methods and techniques. We are proud to say that some of the papers of our employees were recently published by foreign institutions or in international journals, which indicates that they are internationally recognized papers and kind of our contribution to the evolution of research thought on a global scale.
The results in the field of scientific research are not accidental. We have always made sure that our staff members are highly professional and constantly upgrade their skills and competences, which in dynamical times is a prerequisite for following and caching up with trends in the central banking. In recent years, we have especially been active in stimulating research activity, and bringing it close to the public, not only through the publication of papers, but also through direct interaction with the public. Within this framework, every year since 2007, we award the annual prize for the best research work of a young researcher (outside our institution) in macroeconomics and banking. Since 2011, we hold regular quarterly sessions of the Club of Researchers as an open forum for the exchange of experiences in the field of developing research papers, where the public share experiences and thoughts with our researchers. Since 2012, we regularly organize an international research conference, presenting numerous papers of representatives of central banks from the region and beyond. This exchange of experience tends to strengthen the research potential of our staff, hoping to create opportunities for sharing knowledge of our and international research with the domestic research community, as part of the social responsibility of the institution in the broadest sense.
In contemporary times, science is the foundation of all segments of society and a key driver of progress. The National Bank of the Republic of Macedonia has always kept up with science and has applied science in practice. This is also confirmed by the results in the implementation of policies, and the long list of research papers. And we should not have any doubt that it will continue in future.
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