Template-Type: ReDIF-Article 1.0

Author-Name: Bence Varga
Author-Workplace-Name: Magyar Nemzeti Bank (Central Bank of Hungary)
Author-Email: vargabe@mnb.hu

Title: Financial Supervision in Hungary between the
Two World Wars

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.

Classification-JEL: B20, G28, N24, N94
Keywords: financial institutions, economic crisis, financial supervision, Pénzintézeti
Központ
Pages: 143–161
Volume: 16
Issue: 1
Year: 2017
File-URL: http://english.hitelintezetiszemle.hu/letoltes/bence-varga-1.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:16:y:2017:i:1:p:143-161