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Financial Supervision in Hungary between the Two World Wars

Author

Listed:
  • Bence Varga

    (Magyar Nemzeti Bank (Central Bank of Hungary))

Abstract

This paper examines the practice of financial supervision in Hungary between the two World Wars, focusing on the period of the Great Depression and the supervisory practice that was employed prior to the crisis and that was transformed as a result. The author would like to establish how the role of the Pénzintézeti Központ as a supervisory body changed after its establishment on 1 June 1916, whether there were other institutions with functions related to the supervisory tasks, and which supervisory tools were used in Hungary during the Great Depression. The paper endeavours to present the contemporary economic conditions and the situation of the financial architecture primarily in line with contemporary thinking, on the basis of the relevant opinions of the experts from the given era.

Suggested Citation

  • Bence Varga, 2017. "Financial Supervision in Hungary between the Two World Wars," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 16(1), pages 143-161.
    • Handle: RePEc:mnb:finrev:v:16:y:2017:i:1:p:143-161
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    File URL: http://english.hitelintezetiszemle.hu/letoltes/bence-varga-1.pdf
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    More about this item

    Keywords

    financial institutions; economic crisis; financial supervision; Pénzintézeti Központ;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • N94 - Economic History - - Regional and Urban History - - - Europe: 1913-

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