Financial and Monetary Policy Studies

Hungary and Other Emerging EU Countries in the Financial Storm

From Minor Turbulences to a Global Hurricane

Authors: Király, Júlia

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  • Examines an understudied field in the financial crisis literature: Hungary and Central Eastern Europe
  • Provides firsthand background on policy decisions
  • Presents a framework of indicators to predict future crises
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eBook 93,08 €
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  • ISBN 978-3-030-49544-2
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Hardcover 114,39 €
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  • ISBN 978-3-030-49543-5
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Softcover 83,19 €
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  • ISBN 978-3-030-49546-6
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About this book

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.

About the authors

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.

Table of contents (12 chapters)

Table of contents (12 chapters)

Buy this book

eBook 93,08 €
price for Spain (gross)
  • ISBN 978-3-030-49544-2
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 114,39 €
price for Spain (gross)
  • ISBN 978-3-030-49543-5
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 83,19 €
price for Spain (gross)
  • ISBN 978-3-030-49546-6
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Hungary and Other Emerging EU Countries in the Financial Storm
Book Subtitle
From Minor Turbulences to a Global Hurricane
Authors
Series Title
Financial and Monetary Policy Studies
Series Volume
49
Copyright
2020
Publisher
Springer International Publishing
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
eBook ISBN
978-3-030-49544-2
DOI
10.1007/978-3-030-49544-2
Hardcover ISBN
978-3-030-49543-5
Softcover ISBN
978-3-030-49546-6
Series ISSN
0921-8580
Edition Number
1
Number of Pages
XXI, 145
Number of Illustrations
19 b/w illustrations
Topics