Hungary and the eurozone crisis: a comedy of errors?

Csaba, László (2012) Hungary and the eurozone crisis: a comedy of errors? Yearbook of the Institute of East-Central Europe / Rocznik Instytutu Europy Środkowo-Wschodniej, 10 (5). pp. 33-44.

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The spill-over of the global fi nancial crisis has uncovered the weaknesses in the governance of the EMU. As one of the most open economies in Europe, Hungary has suff ered from the ups and downs of the global and European crisis and its mismanagement. Domestic policy blunders have complicated the situation. This paper examines how Hungary has withstood the ups and downs of the eurozone crisis. It also addresses the questions of whether the country has converged with or diverged from the EMU membership, whether joining the EMU is still a good idea for Hungary, and whether the measures to ward off the crisis have actually helped to face the challenge of growth.

Item Type:Article
Uncontrolled Keywords:Hungary, eurozone crisis, EMU membership, growth
Divisions:Faculty of Economics > Department of Comparative Economics
Subjects:Economic development
Economic policy
ID Code:1166
Deposited By: Ádám Hoffmann
Deposited On:12 Apr 2013 07:17
Last Modified:18 Oct 2021 08:09

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