The “Rescue Team” and Rescue Package (October–December 2008)

Julia Király ()

Chapter Chapter 6 in Hungary and Other Emerging EU Countries in the Financial Storm, 2020, pp 57-66 from Springer

Abstract: Abstract This chapter is devoted to the management of the 2008 liquidity crisis. The Hungarian Central Bank introduced several new measures, eased the collateral acceptance and reduced the haircut, reduced the required reserve ratio, galvanized the government paper market, and provided emergency assistance to individual banks, when needed. Even The Economist admitted: “The Hungarian Central Bank is impressively well-run.” These measures were well supported by the stand-by loan agreement with the IMF and the EU. Hungary was the first, but not the last on this road.

Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-030-49544-2_6

Ordering information: This item can be ordered from
http://www.springer.com/9783030495442

DOI: 10.1007/978-3-030-49544-2_6

Access Statistics for this chapter

More chapters in Financial and Monetary Policy Studies from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().