IDEAS home Printed from https://ideas.repec.org/a/ksa/szemle/1571.html
   My bibliography  Save this article

Adósságleépítés mikro-, makro- és globális megközelítésben
[Micro, macro and global approaches to reducing indebtedness]

Author

Listed:
  • Surányi, György

Abstract

A nagy recesszió a nagy válsághoz hasonlóan a közgazdaság-elméleti és gazdaságpolitikai ismeretek korlátaira figyelmeztet. A 2008-ban kirobbant válság kezelésének módja markánsan eltér az európai és az angolszász országok között. Nem csupán mennyiségi különbségek választják el a kétféle válságmegközelítést, hanem mélyen meghúzódó elvi-elméleti megfontolások. A globális pénzügyi válság nem egyszerűen az átfogó és minden jövedelemtulajdonost érintő túlzott eladósodás következménye, hanem legalább ennyire a "túlzott" megtakarításé, illetve a fenntarthatatlan lokális, regionális és globális egyensúlyhiányoké is. A válság leküzdése aligha lehetséges, ha a gazdaságpolitika csupán a szokásos keynesi vagy liberális-monetarista eszközökkel operál, ráadásul szigorúan nemzeti keretek között. Az elmúlt évek egyik fontos újdonsága, hogy a válság veszteségeinek mérséklése érdekében megjelent az egész világgazdaságra, ezen belül a válság által sújtott összes országra, régióra és ezzel párhuzamosan minden jövedelemtulajdonosra vonatkozó egyidejű és szimmetrikus (megszorító) mérlegalkalmazkodás követelménye. Ezzel szemben az időben és térben is eltérő, de szorosan koordinált, a költségvetési, a monetáris, és a jövedelempolitika hagyományos és új eszközeit bátran kombináló megoldások hozhatnak eredményt.* Journal of Economic Literature (JEL) kód: E60, F32, F34.

Suggested Citation

  • Surányi, György, 2015. "Adósságleépítés mikro-, makro- és globális megközelítésben [Micro, macro and global approaches to reducing indebtedness]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 811-818.
  • Handle: RePEc:ksa:szemle:1571
    as

    Download full text from publisher

    File URL: http://www.kszemle.hu/tartalom/letoltes.php?id=1571
    Download Restriction: Registration and subscription. 3-month embargo period to non-subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mr. Michael Kumhof & Mr. Jaromir Benes, 2012. "The Chicago Plan Revisited," IMF Working Papers 2012/202, International Monetary Fund.
    2. Spaventa, Luigi & Giavazzi, Francesco, 2010. "Why the current account may matter in a monetary union: Lessons from the financial crisis in the Euro area," CEPR Discussion Papers 8008, C.E.P.R. Discussion Papers.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. D. Siena, 2014. "The European Monetary Union and Imbalances: Is it an Anticipation Story ?," Working papers 501, Banque de France.
    2. Brunnermeier, Markus K. & Niepelt, Dirk, 2019. "On the equivalence of private and public money," Journal of Monetary Economics, Elsevier, vol. 106(C), pages 27-41.
    3. Dirk Niepelt, 2020. "Reserves for All? Central Bank Digital Currency, Deposits, and Their (Non)-Equivalence," International Journal of Central Banking, International Journal of Central Banking, vol. 16(3), pages 211-238, June.
    4. Malmaeus, J. Mikael & Alfredsson, Eva C., 2017. "Potential Consequences on the Economy of Low or No Growth - Short and Long Term Perspectives," Ecological Economics, Elsevier, vol. 134(C), pages 57-64.
    5. Obstfeld, Maurice, 2012. "Financial flows, financial crises, and global imbalances," Journal of International Money and Finance, Elsevier, vol. 31(3), pages 469-480.
    6. repec:zbw:bofitp:2012_030 is not listed on IDEAS
    7. Gaël Giraud, 2014. "What understanding of capital for tomorrow?," Documents de travail du Centre d'Economie de la Sorbonne 14096, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    8. Elisabetta Croci Angelini & Francesco Farina & Enzo Valentini, 2016. "Contagion across Eurozone’s sovereign spreads and the Core-Periphery divide," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(1), pages 197-213, February.
    9. Kai Daniel Schmid & Michael Schmidt, 2012. "EMU and the Renaissance of Sovereign Credit Risk Perception," IAW Discussion Papers 87, Institut für Angewandte Wirtschaftsforschung (IAW).
    10. Michele Fratianni, 2017. "It is time to separate money banks from credit banks in Italy," Mo.Fi.R. Working Papers 138, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    11. Joshua Aizenman & Rajeswari Sengupta, 2011. "Global Imbalances: Is Germany the New China? A Skeptical View," Open Economies Review, Springer, vol. 22(3), pages 387-400, July.
    12. Peter J. Boettke & Alexander W. Salter & Daniel J. Smith, 2018. "Money as meta-rule: Buchanan’s constitutional economics as a foundation for monetary stability," Public Choice, Springer, vol. 176(3), pages 529-555, September.
    13. Lenz, Rainer, 2015. "Banking 2025: The Bank of the Future," EconStor Preprints 110466, ZBW - Leibniz Information Centre for Economics.
    14. Dirk Niepelt, 2020. "Monetary Policy with Reserves and CBDC: Optimality, Equivalence, and Politics," CESifo Working Paper Series 8712, CESifo.
    15. Ronny Mazzocchi & Roberto Tamborini, 2019. "Current Account Imbalances and the Euro Area: Alternative Views," EconPol Working Paper 27, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    16. Campiglio, Emanuele, 2016. "Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy," Ecological Economics, Elsevier, vol. 121(C), pages 220-230.
    17. Claudius Gräbner & Philipp Heimberger & Jakob Kapeller & Bernhard Schütz, 2020. "Structural change in times of increasing openness: assessing path dependency in European economic integration," Journal of Evolutionary Economics, Springer, vol. 30(5), pages 1467-1495, November.
    18. Philipp Heimberger & Jakob Kapeller, 2017. "The performativity of potential output: pro-cyclicality and path dependency in coordinating European fiscal policies," Review of International Political Economy, Taylor & Francis Journals, vol. 24(5), pages 904-928, September.
    19. Carlos Viñuela & Juan Sapena & Gonzalo Wandosell, 2020. "The Future of Money and the Central Bank Digital Currency Dilemma," Sustainability, MDPI, vol. 12(22), pages 1-22, November.
    20. Peter Wierts & Henk Van Kerkhoff & Jakob De Haan, 2014. "Composition of Exports and Export Performance of Eurozone Countries," Journal of Common Market Studies, Wiley Blackwell, vol. 52(4), pages 928-941, July.
    21. Ibrahim L. Awad, 2023. "A Comparative Study of Seigniorage: Egypt and Qatar," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 172-190.

    More about this item

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksa:szemle:1571. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Odon Sok (email available below). General contact details of provider: http://www.kszemle.hu .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.