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In 2008, Hungary was heavily hit by the global financial crisis, and had to turn to the IMF among the first. The paper analyses the road leading to the post-Lehman… Click to show full abstract
In 2008, Hungary was heavily hit by the global financial crisis, and had to turn to the IMF among the first. The paper analyses the road leading to the post-Lehman liquidity crisis from the point of view of Magyar Nemzeti Bank (MNB), the central bank of Hungary. Based on the minutes and the press releases* of the Monetary Council (MC), a comprehensive account is given why the puzzle was put together too late.
Keywords:
financial crisis;
monetary history;
pieces puzzle;
puzzle concise;
concise monetary;
crisis
Journal Title: Acta Oeconomica
Year Published: 2018
Link to full text (if available)
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Journal Title: Acta Oeconomica
Year Published: 2018
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!