Monetary, Macroprudential, and Fiscal Policy

Király, Júlia; Csonto, Balazs; Jankovics, László; Mérő, Katalin

doi:10.1007/978-3-030-93963-2_6

Cited by 4 publications

(2 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The economic support measures on the expenditure side were heavily concentrated on capital spending and partly on other current transfers as well, surging by 3.0% and 1.3% of GDP, respectively, mainly involving capital grants, subsidies and other handouts to the private sector entities, nonprofit organizations and churches as well as state‐owned enterprises (see Figure 4). By contrast, spending on social transfers increased only by a modest 0.5% of GDP compared to 1.8% in regional peers and 2.8% in the EU (see also Király et al, 2022).…”

Section: Economic Policies During the Pandemicmentioning

confidence: 99%

Populism unrestrained: Policy responses of the Orbán regime to the pandemic in 2020–2021

Ádám

Csaba

2022

European Policy Analysis

View full text Add to dashboard Cite

The paper provides a case study on how the Orbán regime in Hungary has dealt with coronavirus disease 2019 (COVID-19) in 2020-2021. Despite having led worldwide rankings in pandemic-related death rates since the second part of 2020, the government was not politically shaken by COVID-19. Institutionally unrestrained, the governing majority periodically renewed emergency legal regimes to control public discourses and curtail the financial resources of opposition-led local governments. The policy conduct of the regime is discussed in the context of authoritarian populism, which is conceptualized along a strategybased approach to populism. In this, authoritarian populism is seen to generate democratic legitimacy for dismantling the institutional foundations of liberal democracy and the rule of law. This had been happening in Hungary well before COVID-19 kicked in, but the pandemic provided enhanced opportunities for this strategy. Meanwhile, fiscal policies became increasingly expansionary, signalling a partial return to the practice of preelection overspending.

show abstract

Section: Economic Policies During the Pandemicmentioning

confidence: 99%

Populism unrestrained: Policy responses of the Orbán regime to the pandemic in 2020–2021

Ádám

Csaba

2022

European Policy Analysis

View full text Add to dashboard Cite

show abstract

“…Instead of applying the O-SII capital buffer requirements for O-SII banks, in Czechia, the SRB was applied for all O-SIIs. The reason was that the maximum level of the O-SII buffer is 2%, while for SRB it is 3% (Király et al, 2022). Until December 2021, 5 the 3% SRB was imposed for all O-SII banks.…”

Section: Czechiamentioning

confidence: 99%

Differences in Covid‐Related Regulatory Forbearance Within and Outside the Banking Union – The Case of East‐Central European EU Member States

Mérő

2023

J of Common Market Studies

Self Cite

View full text Add to dashboard Cite

This article analyses the practice of Covid‐related bank regulatory forbearance measures of eight East‐Central European Union member states from the perspective of differentiated integration. In line with the integration‐deepening nature of the Single Supervisory Mechanism, our expectation was that countries within the Banking Union (BU) would impose harmonized forbearance measures, while non‐BU members would use more discretional measures. Indeed, the practice of forbearance measures is significantly more harmonized within the BU than outside; however, there were also notable differences in the practice of BU members. For non‐BU member states, our expectation was that countries with the intention of favouring their domestic financial system would ease regulatory requirements more, while those that wanted to place the burden of the pandemic on foreign banks would ease these requirements less. However, the analysis only partially confirmed this expectation.

show abstract

Macroprudential policy and systemic risk in G20 nations

Narayan,

Kumar

2024

Journal of Financial Stability

View full text Add to dashboard Cite

Monetary, Macroprudential, and Fiscal Policy

Cited by 4 publications

References 0 publications

Populism unrestrained: Policy responses of the Orbán regime to the pandemic in 2020–2021

Populism unrestrained: Policy responses of the Orbán regime to the pandemic in 2020–2021

Differences in Covid‐Related Regulatory Forbearance Within and Outside the Banking Union – The Case of East‐Central European EU Member States

Macroprudential policy and systemic risk in G20 nations

Contact Info

Product

Resources

About