- Author
- Csaba László (Central European University and Corvinus University of Budapest, Hungarian Academy of Sciences)
- Title
- Hungary and the Eurozone Crisis: a Comedy of Errors?
- Source
- Rocznik Instytutu Europy Środkowo-Wschodniej, 2012, R. 10, z. 5, s. 33-44, tab., przypisy
- Keyword
- Strefa euro, Strefy walutowe, Kryzys gospodarczy, Unia walutowa
Eurozone, Currency areas, Economic crisis, Currency union - Note
- summ.
- Company
- Unia Europejska (UE)
European Union (EU) - Country
- Węgry
Hungary - Abstract
- The spill-over of the global fi nancial crisis has uncovered the weaknesses in the governance of the EMU. As one of the most open economies in Europe, Hungary has suff ered from the ups and downs of the global and European crisis and its mismanagement. Domestic policy blunders have complicated the situation. This paper examines how Hungary has withstood the ups and downs of the eurozone crisis. It also addresses the questions of whether the country has converged with or diverged from the EMU membership, whether joining the EMU is still a good idea for Hungary, and whether the measures to ward off the crisis have actually helped to face the challenge of growth. (original abstract)
- Accessibility
- The Main Library of the Cracow University of Economics
- Bibliography
-
- L. Csaba: Hungary: the Janus-faced success story of transition, [in:] A. Fosu (ed.), Developmental Success: Historical Accounts from More Advanced Countries, Oxford, Oxford University Press, 2012, pp. 252-277.
- J. Király, A tornádó és a hurrikán - a 2007.év válságos hatásai [The tornado and the hurricane - the crisis-ridden year of 2007], [in:] L. Muraközy (ed.), A jelen a jövő múltja [Present is the past of future], Akadémiai Kiadó, Budapest 2009, pp. 295-332.
- J. Featherstone, The Greek sovereign debt crisis and EMU: a failing state in a skewed regime, Journal of Common Market Studies, Vol. 49, 2011, No. 2, pp. 193-217
- A. Visvizi, The crisis in Greece and the EU/IMF rescue package: determinants and pitfalls, Acta Oeconomica, Vol. 62, 2012, No. 1, pp. 15-40.
- H. Berger et al., Euro Area Policies - Selected Issues, IMF Country Report, No. 12/182, Washington DC, 03.07.2012.
- F. Scharpf, Monetary union, fi scal crisis and the pre-emption of democracy, Zeitschrift für Staats- und Europawissenschaften, Vol. 9, 2011, No. 2, pp. 163-198.
- J. Neményi, G. Oblath, Az euró bevezetésének újragondolása [Rethinking the adoption of the euro], Közgazdasági Szemle, Vol. 59, 2012, No. 6, pp. 569-684.
- Cited by
- ISSN
- 1732-1395
- Language
- eng
