文章基本信息

标题：Impossibility Trilemmas in Hungarian Economic History (1867–1938)
本地全文：下载
作者：György Kovács - Bence Varga
期刊名称：Public Finance Quaterly
印刷版ISSN：0031-496X
出版年度：2018
卷号：63
期号：1
页码：113-129
出版社：State Audit Office of Hungary
摘要：This study is intended to demonstrate how Schoenmaker’s financial trilemma and the Mundell–Fleming monetary trilemma took hold in Hungarian economic history between 1867 and 1938 – an era divided into five distinct periods –; in other words, which factors enjoyed priority over others in the individual periods. We also intend to detect the existence of any trade-off between the two trilemmas and to pinpoint the area in which it took place, while also attempting to identify shifts within the individual trilemmas. Each element of the trilemmas is presented separately, including the interaction between them. According to our results, a trade-off could be observed within the monetary trilemma during the years of consolidation under the Bethlen government and in the period of the economic crisis, while it was during the Bethlen consolidation that there was a trade-off between the trilemmas.
关键词：economic history; monetary trilemma; financial trilemma