Hungary and other emerging EU countries in the financial storm : from minor turbulences to a global hurricane
Author(s)
Bibliographic Information
Hungary and other emerging EU countries in the financial storm : from minor turbulences to a global hurricane
(Financial and monetary policy studies, v. 49)
Springer, c2020
Available at 2 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references
Description and Table of Contents
Description
This book analyzes the banking crisis and the events surrounding it in Hungary and other emerging EU member countries in 2007-2013. Written by Julia Kiraly, 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.
Table of Contents
A Short Post-communist Economic History of Emerging Europe.- Pre-crisis Central Banking.- Bubbles Everywhere (the 2000s)Under the Clouds of the Subprime Crisis (July 2007 - September 2008)The Lehman Tsunami (September - October 2008).- The "Rescue Team" and Rescue Package (October - December 2008)Emerging EU Member Countries in the Storm (Spring 2009)Recovery from the Deep Recession (March 2009 - April 2010)Eurozone Crisis in Europe and a Bold U-Turn in Hungary (May - December 2010)Hungarian Double Dip (2011-2012)Farewell to the Central Bank (2013)Lessons and Aftermath..
by "Nielsen BookData"