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

Julia Király ()

Chapter Chapter 4 in Hungary and Other Emerging EU Countries in the Financial Storm, 2020, pp 31-44 from Springer

Abstract: 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.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-030-49544-2_4

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DOI: 10.1007/978-3-030-49544-2_4

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