Jump to ContentJump to Main Navigation
Priests of ProsperityHow Central Bankers Transformed the Postcommunist World$
Users without a subscription are not able to see the full content.

Juliet Johnson

Print publication date: 2016

Print ISBN-13: 9781501700224

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9781501700224.001.0001

Show Summary Details
Page of

PRINTED FROM Cornell University Press SCHOLARSHIP ONLINE (www.cornell.universitypressscholarship.com). (c) Copyright University of Cornell University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in Cornell for personal use. date: 03 July 2022

The Politics of European Integration

The Politics of European Integration

(p.134) 5 The Politics of European Integration
Priests of Prosperity

Juliet Johnson

Cornell University Press

This chapter analyzes the Hungarian, Czech, and Slovak central banks in depth, tracing their extensive transformations and surprising difficulties with internalization in the context of the European integration process. Hungary represented the best-case scenario, the country that began in the most advantageous political and economic position. Strong leadership and well-paid, well-educated staff made the Magyar Nemzeti Bank (MNB) an ideal candidate for transformation. Not surprisingly, the MNB developed rapidly with community support, particularly in terms of monetary policy and research. Meanwhile, the paired case study of the Czech and Slovak central banks reveals the leveling capabilities of international assistance. Although the Czech National Bank retained the vast majority of the State Bank of Czechoslovakia's experienced staff after the country's split, with the help of the transnational central banking community, the National Bank of Slovakia quickly gained ground on its richer relation.

Keywords:   Hungarian central banks, Czech central banks, Slovak central banks, European integration, Magyar Nemzeti Bank, monetary policy, Czech National Bank, State Bank of Czechoslovakia, National Bank of Slovakia

Cornell Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.