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A few historic and international aspects of the Hungarian economic crisis and crisis management
[journal article]
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 histori... view more
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.... view less
Keywords
economic crisis; post-socialist country; crisis management (psych.); Hungary
Classification
Political Economy
Free Keywords
crisis management
Document language
English
Publication Year
2010
Page/Pages
p. 581-606
Journal
Public Finance Quarterly, LV (2010) 3
Status
Published Version; reviewed