Hungary and the Eurozone Crisis: a Comedy of Errors?

• Autorzy: László Csaba
• Języki publikacji: EN

Abstrakty

EN

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)

Słowa kluczowe

EN

Eurozone; Currency areas; Economic crisis; Currency union

PL

Strefa euro; Strefy walutowe; Kryzys gospodarczy; Unia walutowa

• Czasopismo: Rocznik Instytutu Europy Środkowo-Wschodniej
• Rocznik: 2012
• Numer: R. 10, z. 5
• Strony: 33--44

Twórcy

autor

László Csaba

• Central European University and Corvinus University of Budapest, Hungarian Academy of Sciences

Bibliografia

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