Hungary and Other Emerging EU Countries in the Financial Storm (eBook)

From Minor Turbulences to a Global Hurricane

Júlia Király (Autor)

eBook Download: PDF

2020 | 1st ed. 2020
XXI, 145 Seiten
Springer International Publishing (Verlag)
978-3-030-49544-2 (ISBN)

Infos

This book analyzes the banking crisis and the events surrounding it in Hungary and other emerging EU member countries in 2007-2013. Written by Júlia Király, a former policymaker, and the Deputy Governor of the Hungarian Central Bank at the time of the crisis, it also offers a firsthand account of the processes in and responses to the financial crisis.

While there is extensive literature on the crisis, most of it focuses on the US or the Eurozone, sometimes mentioning the 'emerging world' in passing. However, Central and Eastern Europe experienced the crisis very differently than other emerging countries. In the pre-crisis years, the region in accession to the EU attracted abundant fresh capital, but the seemingly unconstrained global liquidity fuelled credit bubbles. After the Lehman crisis, capital rapidly fled these countries. In this part of the world, the recession proved to be much worse than elsewhere, with double-digit growth soon turning into a double-digit decline in GDP. Several countries had to turn to the IMF and the EU for stand-by credit. Based on her own inside experience as a top central banker, the author offers a personal yet professional analysis of the causes and consequences of the financial hurricane.

Júlia Király is an associate professor of finance and monetary economics at the International Business School (IBS) Budapest, Hungary. Since 2013 she has been an independent board member of the KBC Group and the KBC Bank Belgium. During the crisis years she was the Deputy Governor and a member of the Monetary Council of the Central Bank of Hungary, responsible for financial stability. She has published widely on monetary policy, banking and finance.

Produkt-Details

• Erscheint lt. Verlag: 18.8.2020
• Reihe/Serie: Financial and Monetary Policy Studies
• Reihe/Serie: Financial and Monetary Policy Studies
• Zusatzinfo: XXI, 145 p. 19 illus.
• Sprache: englisch
• Original-Titel: A tornádó oldalszele; Szubjektív válságtörténet 2007–2013
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Banking • Central and Eastern European Finance • Central Banking in crisis • Central Eastern Europe • Financial Crises • Financial stability • Global financial crisis of 2008 • monetary policy • Populist temptation
• ISBN-10: 3-030-49544-2 / 3030495442
• ISBN-13: 978-3-030-49544-2 / 9783030495442