Author: Júlia Király
View More View Less
Restricted access

Purchase article

USD  $25.00

1 year subscription (Individual Only)

USD  $700.00

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.

  • Antal, L. (2004): Fenntartható-e a fenntartható növekedés? Az átmeneti gazdaságok tapasztalatai (Can the Unsustainable Growth Path be Sustainable? Evidence from the Transition Economies). Budapest: Közgazdasági Szemle Alapítvány

    • Search Google Scholar
    • Export Citation
  • Bernanke, B. (2007): The Subprime Mortgage Market. Presentation at the Federal Reserve Bank of Chicago’s 43rd Annual Conference on Bank Structure and Competition, Chicago, Illinois, May 17, 2007. https://www.federalreserve.gov/newsevents/speech/bernanke20070517a.htm

    • Search Google Scholar
    • Export Citation
  • Bernanke, B. (2015): The Courage to Act: A Memoir of a Crisis and Its Aftermath. W.W. Norton & Company.

  • Besley, T.Hennesy, P. (2009): The Global Financial Crisis – Why Didn’t Anybody Notice? British Academy Review, 14: 810.

  • Blinder, A. S. (2013): After the Music Stopped. The Financial Crisis, the Response, and the Work Ahead. The Penguin Press.

  • Dooley, M.Hutchison, M. (2009): Transmission of the U.S. Subprime Crisis to Emerging Markets: Evidence on the Decoupling – Recoupling Hypothesis. Journal of International Money and Finance, 28(8): 13311349.

    • Search Google Scholar
    • Export Citation
  • ECB (2005): The (Un)Reliability of Output Gap Estimates in Real Time. ECB Monthly Bulletin, February 2005, Box 5: 4345. https://www.ecb.europa.eu/pub/pdf/other/mb200502_focus05.en.pdf?cb1e42a54296e7dbc045d5dd64112655

    • Search Google Scholar
    • Export Citation
  • Giorno, C.Richardson, P.Roseveare, D. – van den Noord, P. (1995): Estimating Potential Output, Output Gaps and Structural Budget Balances. Working Papers, No. 152, OECD Economics Department, Paris. http://dx.doi.org/10.1787/533876774515

    • Search Google Scholar
    • Export Citation
  • Greenspan, A. (1999): Currency Reserves and Debt. Remarks by Chairman Alan Greenspan before the World Bank Conference on Recent Trends in Reserves Management, Washington, D. C., April 29, 1999. https://www.federalreserve.gov/BoardDocs/Speeches/1999/19990429.htm

    • Search Google Scholar
    • Export Citation
  • Kopits, Gy. (2008): Saving Hungary’s Finances. WallStreet Journal, December 4, 2008.

  • Kornai, J. (1996): Paying the Bill for Goulash-Communism: Hungarian Development and Macro Stabilization in Political-Economy Perspective. Social Research, Winter, 63(4): 9431040.

    • Search Google Scholar
    • Export Citation
  • Mérő, K. (2017): The Emergence of Macroprudential Bank Regulation: A Review. Acta Oeconomica, 67(3): 289309. MC Press Releases and Minutes 2006–2008: http://www.mnb.hu/en/monetary-policy/the-monetary-council

    • Search Google Scholar
    • Export Citation
  • MNB (2008): A devizatartalék megfelelő szintje. Az MNB válaszol (The Resuired Level of International Reserve. Reply of the MNB). Portfólió, November 19, 2008. https://www.portfolio.hu/gazdasag/a-devizatartalek-megfelelo-szintje-az-mnb-valaszol.106233.html

    • Search Google Scholar
    • Export Citation
  • Mueller, S. A.Anderson, J. E.Wallington, T. J. (2011): Impact of Biofuel Production and Other Supply and Demand Factors on Food Price Increases in 2008. Biomass and Bioenergy, 35(5): 16231632.

    • Search Google Scholar
    • Export Citation
  • Ongena, S. Schindele, I.Vonnák, D. (2017): In Lands of Foreign Currency Credit, Bank Lending Channels Run Through? MNB Working Papers, No. 6. https://www.mnb.hu/letoltes/mnb-wp-2017-6-final-hu.pdf

    • Search Google Scholar
    • Export Citation
  • Papadia, F.Välimäki, T. (2018): Central Banking in Turbulent Times. Oxford University Press.

  • Tooze, A. (2018): Crashed: How a Decade of Financial Crises Changed the World. Penguin.

Submit Your Manuscript
 
The author instruction is available in PDF.
Please, download the file from HERE.

 

The description of the refereeing procedure is available in PDF.
Please, download the file from HERE.

 

 

Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • Gábor Kézdi / University of Michigan
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders
  • Kolodko, Grzegorz
  • Mau, Vladimir
  • Messerlin, Patrick A
  • Nuti, Mario Domenico
  • Wagener, Hans-Jürgen

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

Indexing and Abstracting Services:

  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index
  • Index Copernicus

 

2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
Scite Score Rank  
Scopus 0,668
SNIP  
Days from  289
sumbission  
to acceptance  
Days from  447
acceptance  
to publication  

2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
Score
0,00015
Article Influence
Score
0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription Information Online subsscription: 588 EUR / 732 USD
Print + online subscription: 688 EUR / 860 USD
Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Publication
Programme
2021 Volume 71
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)