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SEPTEMBER 2017 VOLUME 4, ISSUE 3
AZ ECONOMY AND FINANCE MAGYAR NYELVŰ KIADÁSA
PÉNZÜGY
SPECIAL ISSUE
Th e Hungarian General Credit Bank was founded 150 years agoTh e joint conference of the Ministry of National Economyand the Hungarian Banking Association (19 October 2017)FOREWORD
TAMÁS KOVÁCS – LEVENTE KOVÁCS
Banking leaders who made the Hungarian General Credit Bank greatJÁNOS BOTOS
Th e Hungarian banking systemfrom the trauma of Trianon to nationalizationVIRÁG RAB – IMRE TÓTH
Personality – political constraints – international milieuConnections and loyalties in the economy between the Two World WarsTAMÁS KOVÁCS
Th e swan song of the Hungarian General Credit BankPÉTER ÁKOS BOD
Critical Phases in the Evolution of the Hungarian Banking System nd the Process of Regime ChangeBOOK REVIEW
Kovács, Levente – Sipos, JózsefCycle-Changing Years, Parallel Biographies(László Madar) 3
ENGLISH–LANGUAGE EDITION OF GAZDASÁG ÉS PÉNZÜGY
ECONOMY FINANCE&
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CONTRIBUTORS
TAMÁS KOVÁCS, PhD, is a historian, chief archivist, deputy head of department at the National Ar-chives of Hungary (MNL OL), and adjunct professor at the Faculty of Economics of the University of Pannonia. He has been a staff member of the MNL OL since 2008, with his main area of research being the history of the Hungarian economy and public administration in the fi rst half of the 20th century. [email protected]
LEVENTE KOVÁCS has qualifi cations in economics (habilitation, PhD, MBA), and mathematics and physics (MSc). He is secretary general of the Hungarian Banking Association, and heads the depart-ment of international fi nance at the University of Miskolc. He is the author or editor of several spe-cialist books. His fi eld of research covers the study of bank operations, interest and commissions, and clearing turnover. [email protected]
JÁNOS BOTOS is a historian and university associate professor. He completed his studies in history and philosophy at Eötvös Lóránd University (1966–1971). From 1971, he worked as a research historian, while teaching at various universities. In the course of his historical research, he initially examined the political history of the 19th and 20th centuries, and then from the mid-1980s onwards focused on the economic history of the period, and within this primarily the history of banking and infl ation. In addition, he made a thorough study of the history of the Interior Ministry from 1867 to 1950. From the early 1990s, he examined the value of Jewish assets in Hungary, and the fate of these assets during and aft er the Second World War. [email protected]
VIRÁG RAB, PhD, is a historian and adjunct professor at the Department of Modern History, Faculty of Humanities of the University of Pécs. Her fi eld of research is the economy of Europe and Hun-gary between the two World Wars. She is the author of a volume on the economic policy ideas and concep ts of theoretical and practising economists following the First World War; currently, she is researching the role of Loránt Hegedüs and various social networks in [email protected]
IMRE TÓTH, PhD, is a historian and associate professor with habilitation at the Alexandre Lamfalussy Faculty of Economics of the University of Sopron, and director of the Sopron Museum. His fi eld of research is the history of 20th century diplomacy, under the headings of Austro-Hungarian and Ger-man-Hungarian relations. He is the author of a volume dealing with the question of Western Hungary and Foreign Minister Kálmán Kánya.
PÉTER ÁKOS, BOD economist, professor of the Economic Policy Department and MBA School of Corvinus University of Budapest. He taught in universities before he became cabinet minister for industry and trade in 1990. Served as President of the Hungarian National Bank (1991 through 1994), aft er that Mr. Bod represented the Central Eastern constituency in the Board of Directors of Euro-pean Bank for Reconstruction and Development in London during 1995 and 1997. He returned to his academic activities in 1998 as full professor. Professor Bod is active as board member of several companies, member of editorial boards of professional journals. He is Deputy Chairman of the Hungarian Economic Society, Chairman of Budapest Economic Club, Chairman of the Supervisory Board of Transparency International [email protected]
CHAIRMAN OF THE EDITORIAL BOARD
Levente Kovács
EDITORIAL BOARD
József Benedek Mária MóraEdina Berlinger Anett PanduricsPéter Ákos Bod László PerluszLászló Csaba János SzázImre Csekő Mariann Somosi VeresMáté Győry Taras SavchenkoGyörgy Kocziszky Yang ZaipingIstván Magyar
EDITOR IN CHIEF
Erika Marsi
ASSISTANT EDITOR
Katalin Király
ENGLISH TRANSLATION Stephen Anthony
PROOFREADING
Stephen Anthony
EDITORIAL OFFICE
Foundation for Financial CultureH–1011 Budapest, Szalag utca 19.Phone: +36 1 224 0700e-mail: [email protected] 2415-9379
PRICE
Hungarian HUF 2,000English HUF 3,500Subscriptions: [email protected]
PRINTED BY
Europrinting Ltd.Senior Executive: Ernő Endzsel
FOUNDER AND PUBLISHER Hungarian Banking Association
CO-FOUNDERS
Confederation of Hungarian Employers and Industrialists National Association of Entrepreneurs and Employers
ECONOMY FINANCEENGLISH–LANGUAGE EDITION OF GAZDASÁG ÉS PÉNZÜGY
SEPTEMBER 2017 VOLUME4, ISSUE 3
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