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The Hungarian economy: a hostage of populism

Listed author(s):
  • Sandor Richter


    (The Vienna Institute for International Economic Studies, wiiw)

Once the model economy of transition, Hungary has been struggling with much higher public and private debt and a significantly worse growth performance than its peers in the region. A deteriorating exchange rate, increasing yields on government securities and soaring CDS spreads have recently forced the Hungarian government to seek financial assistance from the IMF and the European Union. This research note has the intention to discuss the current problems of the Hungarian economy from a historical perspective.

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Paper provided by The Vienna Institute for International Economic Studies, wiiw in its series wiiw Research Notes with number 1.

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Length: 13 pages
Date of creation: Jan 2012
Publication status: Published as wiiw Research Note
Handle: RePEc:wii:rnotes:rn:1
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