论文信息 - Pieces of a puzzle (A concise monetary history of the 2008 Hungarian financial crisis)

Pieces of a puzzle (A concise monetary history of the 2008 Hungarian financial crisis)

In 2008, Hungary was heavily hit by the global financial crisis, and had to turn to the IMF among the first. The paper analyses the road leading to the post-Lehman liquidity crisis from the point of view of Magyar Nemzeti Bank (MNB), the central bank of Hungary. Based on the minutes and the press releases* of the Monetary Council (MC), a comprehensive account is given why the puzzle was put together too late.

J. Király

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