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Lessons Learned: Adam Balog

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Abstract

From 2013 to 2016, Adam Balog was deputy governor of the National Bank of Hungary (Magyar Nemzeti Bank, or MNB) and a member of the Monetary Council. During the Global Financial Crisis (GFC), Hungary was unable to finance its external debt and negotiated a three-party agreement with the International Monetary Fund (IMF) and the European Union. In this interview, Balog describes the conditions in Hungary before the crisis and the challenges and decisions that he worked on during its aftermath. This Lessons Learned summary is based on an interview with Balog held on February 1, 2022.

Suggested Citation

  • Lieber, Matthew, 2024. "Lessons Learned: Adam Balog," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 6(1), pages 607-609, March.
  • Handle: RePEc:ysm:ypfsfc:v:6:y:2024:i:1:p:607-609
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1549&context=journal-of-financial-crises
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    Keywords

    Hungary; Magyar Nemzeti Bank (MNB); GFC;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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