It takes two to Tango: The role of the European union and domestic governments in the making of Central Bank reform in Hungary Macaristan merkez bankası reformunun oluşum sürecinde avrupa birliǧi ve macar hükümetlerinin rolü

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Atıf İçin Kopyala

CIvelekoǧlu İ.

Uluslararasi Iliskiler, cilt.9, sa.36, ss.129-148, 2013 (SSCI)

• Yayın Türü: Makale / Tam Makale
• Cilt numarası: 9 Sayı: 36
• Basım Tarihi: 2013
• Dergi Adı: Uluslararasi Iliskiler
• Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, TR DİZİN (ULAKBİM)
• Sayfa Sayıları: ss.129-148
• Anahtar Kelimeler: Central Bank Reform, EU accession criteria, Hungarian politics
• İstanbul Ticaret Üniversitesi Adresli: Hayır

Özet

This article addresses how the Hungarian Central Bank gained autonomy in its operations from ruling politicians. While stressing the substantial influence of external actors in exercise of this reform, the article also demonstrates the limits of external influence by shedding light on the domestic political costs of this reform. The high costs of central bank reform in the calculations of the ruling politicians allowed the Central Bank of Hungary to gain partial operational autonomy in 1991, which fell short of fulfilling the Copenhagen criteria for EU accession. The article discusses how partial reform furthered in Hungarian context by unpacking the interplay between domestic and external actors.