Financial Supervision in Hungary between the Two World Wars

Financial and Economic Review, Vol. 16 Issue 1., March 2017

19 Pages Posted: 22 Jun 2017

Date Written: March 31, 2017

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

JEL Classification: B20, G28, N24, N94

Suggested Citation

Varga, Bence, Financial Supervision in Hungary between the Two World Wars (March 31, 2017). Financial and Economic Review, Vol. 16 Issue 1., March 2017, Available at SSRN: https://ssrn.com/abstract=2990425

Bence Varga (Contact Author)

Magyar Nemzeti Bank ( email )

Szabadsag ter 8-9
Budapest, H-1850
Hungary

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