The rise and fall of Hungary

Blog post

The rise and fall of Hungary

Publishing date: 28 October 2008
Authors: Zsolt Darvas

Zsolt Darvas takes a look at Hungary in the context of the financial crisis. In fact, he believes his country could adopt the euro in a few years, which would offer a shelter against contagion from possible future crises. But, he warns, the eurozone could also diminish incentives to reform. He hopes that the current crisis will shake up Hungarian politicians to think hard about the deeper structural problems of the country's economy.

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About the authors

Zsolt Darvas

Zsolt Darvas is a Senior Fellow at Bruegel and a part-time Senior Research Fellow at the Corvinus University of Budapest. He joined Bruegel in 2008 as a Visiting Fellow, and became a Research Fellow in 2009 and a Senior Fellow in 2013.

From 2005 to 2008, he was the Research Advisor of the Argenta Financial Research Group in Budapest. Before that, he worked at the research unit of the Central Bank of Hungary (1994-2005) where he served as Deputy Head.

Zsolt holds a Ph.D. in Economics from Corvinus University of Budapest where he teaches courses in Econometrics but also at other institutions since 1994. His research interests include macroeconomics, international economics, central banking and time series analysis.