This paper investigates the crisis management approaches of the troika institutions during the liquidity trap episode experienced by Hungary in October 2008. I demonstrate stark differences in the three institutions’ interpretation of the crisis’ origin that influenced the recommended policy...

In this article, we argue that the post-crisis banking governance framework of the European Union, not only severely constrains peripheral member states’ governments in their policy choices, but more profoundly rearranges their government institutions in a way to restrict sovereign banking...

Tanulmányunk célja, hogy feltárjuk annak okát, hogy miért nem csatlakozik Magyarország a Bankunióhoz. A Bankunióban való részvétel kötelező a Monetáris Unió tagállamainak, de opcionális az Európai Unió euróövezeten kívüli tagállamai számára. A kelet-közép-európai...

This article evaluates the sandbox approach as a regulatory answer to the challenges financial technology brings to finance and social relations. Taking fintech as a sociotechnological phenomenon embedded in discourses of solutionism and innovation, we show that the regulatory sandbox accepts...