5  Regulation (EC) 2560/2001 on cross-border payments in euro (recently revised by Regulation (EC) 3655/09). BIS Review 125/2009  3  SEPA is also necessary to complete the introduction of the euro as the single currency of 329 million European citizens and to foster financial integration in Europe.
The aim of the group was to put economics on a more scientific footing and make it a tool for rational policy-making. The Bank of Finland’s Research Institute and the Yrjö Jahnsson Foundation both supported the group’s activities. The role model for the economists of the time was Jan Tinbergen who later received the first Nobel Prize in economics.