{"id":13597,"date":"2025-02-05T08:27:58","date_gmt":"2025-02-05T06:27:58","guid":{"rendered":"https:\/\/tozsdemuzeum.hu\/?p=13597"},"modified":"2025-02-19T15:35:44","modified_gmt":"2025-02-19T13:35:44","slug":"popovics-sandor-kora-es-a-magyar-nemzeti-bank-alapitasa","status":"publish","type":"post","link":"https:\/\/tozsdemuzeum.hu\/en\/2025\/02\/05\/popovics-sandor-kora-es-a-magyar-nemzeti-bank-alapitasa\/","title":{"rendered":"The era of S\u00e1ndor Popovics and the founding of the Magyar Nemzeti Bank"},"content":{"rendered":"<p>A new volume of economic history studies has been published to mark the 100th anniversary of the Magyar Nemzeti Bank. The book was presented at a ceremony at the headquarters of the Magyar Nemzeti Bank on 5 February 2025. After a speech by Gy\u00f6rgy Matolcsy, President of the MNB, Erika Garami, Chief Archivist of the BFL, Krist\u00f3f Lehmann and Bal\u00e1zs Sp\u00e9der, editors of the book, discussed the main themes of the book in a round table discussion.<\/p>\n<p><iframe loading=\"lazy\" title=\"Independence, Credibility, Stability - The Age of S\u00e1ndor Popovics and the Founding of the MNB | Book launch\" width=\"474\" height=\"267\" src=\"https:\/\/www.youtube.com\/embed\/q9HVhqz46gg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>In 64 essays, 40 authors review the life of S\u00e1ndor Popovics, the history of central banking and the development of the key economic institutions of the time between 1867 and 1945 in this sophisticated volume illustrated with colour photos and tables. The volume was edited by J\u00e1nos Botos and \u00c1gnes Pog\u00e1ny.<\/p>\n<p>The book includes two essays on the stock market by our regular author, M\u00e1rton Radnai. The first, \"The foundation and development of the Budapest Stock Exchange\", covers the history of the stock exchange between 1864 and 1914, while the second, \"The Budapest Stock Exchange between the two world wars\", covers the history of the stock exchange between 1918 and 1945.<\/p>\n<p><a href=\"https:\/\/www.mnb.hu\/kiadvanyok\/mnb-szakkonyvsorozat\/fuggetlenseg-hitelesseg-stabilitas-popovics-sandor-kora-es-a-magyar-nemzeti-bank-alapitasa\">The book can be read online or downloaded from the MNB website.<\/a><\/p>\n<p>The volume includes the following studies:<\/p>\n<p>Foreword - Gy\u00f6rgy Matolcsy<br \/>\n1. The life of S\u00e1ndor Popovics - J\u00e1nos Botos, Krist\u00f3f Lehmann, \u00c1gnes Pog\u00e1ny, \u00c1gnes Solti, Bal\u00e1zs Sp\u00e9der<\/p>\n<p>PART 1 - THE ECONOMIC AND FINANCIAL COMMUNITY OF THE MONARCHY<\/p>\n<p>2. The global monetary system before 1914 - Eszter Szab\u00f3<br \/>\n3. The functioning of the economic institutions of the Monarchy - Zolt\u00e1n P\u00f3k\u00e1sz<br \/>\n4. The development of the countries of the Hungarian Holy Crown in the dualism - Zolt\u00e1n P\u00f3k\u00e1sz<br \/>\n5. Portrait of K\u00e1lm\u00e1n Sz\u00e9li - Judit \u00c1gnes Horv\u00e1th<br \/>\n6. The development of the Hungarian banking system in the second half of the 19th century - Ad\u00e1m Tibor Balogh, Bal\u00e1zs Sp\u00e9der<br \/>\n7. The organisational functioning of the Austro-Hungarian Bank - \u00c1kos K\u00e1rbin<br \/>\n8. The foundation and development of the stock exchange in Pest - M\u00e1rton Radnai<br \/>\n9. History of the establishment of the Central Statistical Office - Bal\u00e1zs Horv\u00e1th<br \/>\n10. Portrait of S\u00e1ndor Wekerle - \u00c1kos K\u00e1rbin<br \/>\n11. The significance of the 1892 currency reform of the Austro-Hungarian Monarchy - \u00c1kos K\u00e1rbin<br \/>\n12. The establishment of the Hungarian Economic Society<br \/>\nand its role in the formation of Hungarian economic thought - Based on the Centenary of the Hungarian Economic Society (Budapest, 1994)<br \/>\n13. The legislative role of Popovich after the 1905-06 domestic political crisis - Attila Korencsi<br \/>\nS\u00e1ndor Popovics and the Austro-Hungarian Bank - Tibor Ad\u00e1m Balogh, Zolt\u00e1n P\u00f3k\u00e1sz<\/p>\n<p>PART II - FROM COLLAPSE TO THE CREATION OF AN INDEPENDENT CENTRAL BANK<\/p>\n<p>15. The Austro-Hungarian Monarchy and the break-up of historic Hungary - D\u00e1vid Hory<br \/>\n16. Public debt and monetary policy before and during World War I - No\u00e9mi V\u00e9gh, P\u00e1lma Mosberger.<br \/>\n17. Migration in wartime Hungary - Bal\u00e1zs Sp\u00e9der<br \/>\n18. The economic consequences of the break-up of the Monarchy in Hungary - Zolt\u00e1n P\u00f3k\u00e1sz<br \/>\n19. The role of S\u00e1ndor Popovics in the Trianon peace negotiations - R\u00e9ka Marosn\u00e9 Kecse Zsuzsanna<br \/>\n20. Portrait of John Maynard Keynes - Zolt\u00e1n Szalai<br \/>\n21 Keynes: Economic consequences of the peace treaty - Zolt\u00e1n Szalai<br \/>\n22. Demographic consequences of the peace of Trianon for Hungary - G\u00e1bor Koloh<br \/>\n23. Territorial inequalities in Hungary before and after Trianon - G\u00e1bor Demeter, Zsolt Szil\u00e1gyi<br \/>\n24. Times of transition: economic and monetary policy from the fall of the Monarchy through the Council Republic to Frigyes Kor\u00e1nyi -<br \/>\nZolt\u00e1n Szalai<br \/>\n25. The period of the organisation of independent financial supervision - Bence Varga<br \/>\n26. Portrait of L\u00f3r\u00e1nt Heged\u0171s - Vir\u00e1g Rab<br \/>\n27. unsuccessful stabilisation attempt by Frigyes Kor\u00e1nyi - Bal\u00e1zs Sp\u00e9der<br \/>\n28. unsuccessful stabilisation attempt by L\u00f3r\u00e1nt Heged\u0171s - Bal\u00e1zs Sp\u00e9der<br \/>\n29. The Inflationary Economy and the Royal Hungarian State Institute of Legal Studies - Bal\u00e1zs Sp\u00e9der<br \/>\n30. Product-level price formation calculations under hyperinflation - P\u00f3k\u00e1sz Zolt\u00e1n<br \/>\n31. Daily price developments based on newspaper prices - Zolt\u00e1n P\u00f3k\u00e1sz, Bal\u00e1zs Sp\u00e9der, Eliza S\u00fcl\u00e9<br \/>\n32. Portrait of Istv\u00e1n Bethlen - Judit \u00c1gnes Horv\u00e1th<\/p>\n<p>PART III - THE BIRTH OF THE INDEPENDENT CENTRAL BANK<\/p>\n<p>33. The foundation and early work of the League of Nations - Patrik Tischler<br \/>\n34. The financial and monetary stabilisation of 1924 - Bal\u00e1zs Sp\u00e9der<br \/>\n35. The loan from the People's Alliance - No\u00e9mi V\u00e9gh, P\u00e1lma Mosberger<br \/>\n36. The role of the Bank of England in the settlement - Eszter Boros<br \/>\n37. Portrait by Montagu Norman - S\u00e1ndor N\u00f3ra Anna<br \/>\n38. Inaugural General Meeting of the Magyar Nemzeti Bank - Attila Korencsi<br \/>\n39. Early history of the headquarters of the Bank of Hungary - Garami Erika<br \/>\n40. Real economic stabilisation between 1924 and 1926: growth or crisis of consolidation ? - Bence Hor\u00e1k<br \/>\n41. The watchful eye of foreign countries: the role of Jeremiah Smith in monitoring the stabilisation process - Zolt\u00e1n Peterecz<br \/>\n42. The design and introduction of the pengay banknotes - Garami Erika<br \/>\n43. The beginning of coinage in Budapest - Horv\u00e1thn\u00e9 Rudolf Ter\u00e9z<br \/>\n44. Establishment of the Di\u00f3sgy\u0151ri Pap\u00edrgy\u00e1r Rt. - Gizella R\u00e1czk\u00f6vy<br \/>\n45. What is the relationship between the Hungarian Mint and the Swiss Mint ? - Zsuzsanna Halabrin<\/p>\n<p>PART IV - THE CENTRAL BANK CHALLENGES OF THE POPOVICH DECADE<\/p>\n<p>46. The international context of the MNB in the 1920s - Eszter Szab\u00f3<br \/>\n47. The period between the two world wars in the history of the central bank - \u00c1gnes Solti<br \/>\n48. Operation of the MNB in the gold-based monetary system between 1925-1929 - Bence Hor\u00e1k<br \/>\n49. The critical points of the Hungarian economy between 1925 and 1934 based on the reports of the High Council - Marcell Gr\u00e1n\u00e1t<br \/>\n50. The institutionalisation of financial supervision in the years following the establishment of the central bank - Bence Varga<br \/>\n51. Credit boom in the second half of the 1920s - Andr\u00e1s Schlett<br \/>\n52. Early international relations of the MNB: the establishment of the BIS - Tam\u00e1s Ginter<br \/>\n53. The first two decades of the relationship between the Bank of Hungary and the Banca d'Italia - Bal\u00e1zs Juh\u00e1sz<br \/>\n54. The Hungarian Institute of Economic Research: Istv\u00e1n Varga's contribution to the development of economic thought in the 1920s-30s - Violetta M\u00e1ny\u00f3-V\u00e1r\u00f3czi<br \/>\n55. Portrait of Farkas Heller - B\u00e9la S\u00edpos<br \/>\n56. The prospects of Hungarian agriculture between the two world wars - Bence Hor\u00e1k, Zolt\u00e1n P\u00f3k\u00e1sz<br \/>\n57. The Budapest Stock Exchange between the two World Wars - M\u00e1rton Radnai<br \/>\n58. Portrait of Kuno Klebelsberg - G\u00e1bor Ujv\u00e1ry<br \/>\n59. The global economic crisis and Hungary - crisis interpretations - Bence Hor\u00e1k<br \/>\n60. The events of the bank closure of 1931 - Veronika Katz<br \/>\n61. The impact of the global economic crisis on the supervision and regulation of domestic financial institutions - Bence Varga<br \/>\n62. Portrait of Royall Tyler - Zolt\u00e1n Peterecz<br \/>\n63. Ten most important thoughts of S\u00e1ndor Popovics for today - B\u00e1bosik M\u00e1ria Ilona<br \/>\n64. What is S\u00e1ndor Popovics' message for today? - Barnabas Vir\u00e1g<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>\u00daj, gazdas\u00e1gt\u00f6rt\u00e9neti tanulm\u00e1nyk\u00f6tet jelent meg a Magyar Nemzeti Bank 100 \u00e9ves \u00e9vfordul\u00f3ja alkalm\u00e1b\u00f3l. A k\u00f6tetet a Magyar Nemzeti Bank sz\u00e9kh\u00e1z\u00e1ban mutatt\u00e1k be \u00fcnnep\u00e9lyes keretek k\u00f6z\u00f6tt 2025. febru\u00e1r 5-\u00e9n. A bemutat\u00f3n Matolcsy Gy\u00f6rgy, az MNB eln\u00f6k\u00e9nek besz\u00e9de ut\u00e1n Garami Erika, a BFL f\u0151lev\u00e9lt\u00e1rosa, Lehmann Krist\u00f3f \u00e9s Sp\u00e9der Bal\u00e1zs, k\u00f6tet szerkeszt\u0151i kerekasztal besz\u00e9lget\u00e9sen tekintett\u00e9k \u00e1t a k\u00f6nyv [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13598,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egyeb"],"acf":[],"_links":{"self":[{"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/posts\/13597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/comments?post=13597"}],"version-history":[{"count":11,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/posts\/13597\/revisions"}],"predecessor-version":[{"id":13712,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/posts\/13597\/revisions\/13712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/media\/13598"}],"wp:attachment":[{"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/media?parent=13597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/categories?post=13597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tozsdemuzeum.hu\/en\/wp-json\/wp\/v2\/tags?post=13597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}