Financial Supervision in Hungary between the Two World Wars

Bence Varga

Financial and Economic Review, 2017, vol. 16, issue 1, 143–161

Abstract: This paper examines the practice of financial supervision in Hungary between the two World Wars, focusing on the period of the Great Depression and the supervisory practice that was employed prior to the crisis and that was transformed as a result. The author would like to establish how the role of the Pénzintézeti Központ as a supervisory body changed after its establishment on 1 June 1916, whether there were other institutions with functions related to the supervisory tasks, and which supervisory tools were used in Hungary during the Great Depression. The paper endeavours to present the contemporary economic conditions and the situation of the financial architecture primarily in line with contemporary thinking, on the basis of the relevant opinions of the experts from the given era.

Keywords: financial institutions; economic crisis; financial supervision; Pénzintézeti Központ (search for similar items in EconPapers)
JEL-codes: B20 G28 N24 N94 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:mnb:finrev:v:16:y:2017:i:1:p:143-161

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