Hungary and Other Emerging EU Countries in the Financial Storm - From Minor Turbulences to a Global Hurricane (Hardcover, 1st ed. 2020)

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.

General

Imprint:	Springer Nature Switzerland AG
Country of origin:	Switzerland
Series:	Financial and Monetary Policy Studies, 49
Release date:	August 2020
First published:	2020
Authors:	Julia Kiraly
Dimensions:	235 x 155mm (L x W)
Format:	Hardcover
Pages:	145
Edition:	1st ed. 2020
ISBN-13:	978-3-03-049543-5
Languages:	English
Subtitles:	Hungarian
Categories:	Books > Business & Economics > Economics > Financial crises & disasters Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Finance & accounting > Finance > Banking Books > Money & Finance > Banking
LSN:	3-03-049543-4
Barcode:	9783030495435

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