Tudor Gherasim SMIRNA

Academic Year:

Research Program:
NEC Odobleja

Academy of Economic Studies, Bucharest

Assoc. Prof.


Research project: The Formation and Early Evolution of the Modern Monetary and Banking System in Romania

This project aims to continue researching the ideas and events that marked the two decades preceding the creation of the National Bank of Romania, in 1880, after having studied, during the doctoral research, the monetary and banking transformations in the Romanian Principalities immediately before the unification. The 1860–1880 period is interesting for at least two reasons: 1. The multiple institutional changes that marked the Romanian monetary and banking sector, and 2. The effervescence of ideas and debates on these topics in the Western World. These Western ideas, and particularly the ideas from France, were influential in Romania. I think it is important to study their influence in more depth, as an update to the historical perspective on the formation of monetary, banking and financial institutions in Romania, in the two decades spanning from 1860 to 1880. A new light on the creation the Romanian banking system will set the framework for understanding the alternatives that were not chosen.