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Pre-crisis Central Banking

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

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  • Júlia Király

    (International Business School)

Abstract

Central banks share similar functions all over the world, which reflects that their historical development is quite alike despite their geographical or political differences. If you visit the sites of central banks, the similarities are striking. This chapter describes the general and specific functions of central banks, with special regard to the dominant monetary policy framework, the inflation targeting. It summarizes the difficulties of the precrisis Hungarian Central Bank as a nonregulatory, nonsupervisory institution and analyses the reasons for the failure of inflation targeting in Hungary.

Suggested Citation

  • Júlia Király, 2020. "Pre-crisis Central Banking," Financial and Monetary Policy Studies, in: Hungary and Other Emerging EU Countries in the Financial Storm, chapter 0, pages 7-17, Springer.
    • Handle: RePEc:spr:fimchp:978-3-030-49544-2_2
    DOI: 10.1007/978-3-030-49544-2_2
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