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Hungarian Double Dip (2011–2012)

In: Hungary and Other Emerging EU Countries in the Financial Storm

Author

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  • Júlia Király

    (International Business School)

Abstract

The effect of the Eurozone crisis was much less forceful in CEE countries than in 2008–2009. Hungary was an outlier, the country experienced a significant increase in risk spreads, downgrading, and a second recession in 2012. Besides global and regional factors, this phenomenon is accounted for largely by local factors, such as the mismanagement of FX denominated loans, permanent state intervention into the everyday business, and government-managed corruption.

Suggested Citation

  • Júlia Király, 2020. "Hungarian Double Dip (2011–2012)," Financial and Monetary Policy Studies, in: Hungary and Other Emerging EU Countries in the Financial Storm, chapter 0, pages 105-121, Springer.
    • Handle: RePEc:spr:fimchp:978-3-030-49544-2_10
    DOI: 10.1007/978-3-030-49544-2_10
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