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A few historic and international aspects of the Hungarian economic crisis and crisis management

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Lentner, Csaba

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Abstract Because of the significant international embeddedness of the Hungarian economy formulated over a period of two decades, the causes of the economic crisis inflicted upon the country and the potential methods of crisis management can exclusively be assessed after an itemised examination of the historical and international processes of integration in market economy. The study places a key emphasis on the regulation of money markets and accounting, which represents a formative influence on capital investments, lending processes in banks and on consumer behaviour. Due to the fact that the Hungarian economy and the system of market mechanisms are considerably oriented towards foreign markets, the potential solutions to crisis management can only be successful if adapted from the major international trends.
Keywords post-socialist country; economic crisis; Hungary; crisis management (psych.)
Classification Political Economy
Free Keywords crisis management
Publication Year 2010
Page/Pages p. 581-606
Journal Public Finance Quarterly, LV (2010) 3
Status Published Version; reviewed
Licence Basic Digital Peer Publishing Licence