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Under the Clouds of the Subprime Crisis (July 2007–September 2008)

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

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  • Júlia Király

    (International Business School)

Abstract

The story of the subprime crisis is well-known, with excellent shorter and longer papers, books, and memoirs analyzing its causes and consequences. However, much less attention was paid to the so-called decoupling process of emerging countries in the pre-Lehman period. This chapter describes the special contagion process of 2007–2008 in emerging EU member states and offers a detailed analysis of the positive features and the vulnerabilities of these economies. Day to day dilemmas of the Hungarian Central Bank illustrate the difficulties of policy makers.

Suggested Citation

  • Júlia Király, 2020. "Under the Clouds of the Subprime Crisis (July 2007–September 2008)," Financial and Monetary Policy Studies, in: Hungary and Other Emerging EU Countries in the Financial Storm, chapter 0, pages 31-44, Springer.
    • Handle: RePEc:spr:fimchp:978-3-030-49544-2_4
    DOI: 10.1007/978-3-030-49544-2_4
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