Crisis atlas / HUN / 1941–1968
Hungary, 1941–1968
One crisis episode: distinct crisis years merged across gaps of up to two non-crisis years. Types, source agreement, and macro context are drawn from the union of five primary chronologies.
Crisis years in this episode
Every distinct (year, type) event inside the 1941–1968 window, with the chronologies flagging it and the count of agreeing sources. Start-year sources (GMD, JST) mark only the first year, so agreement falls in the continuation years.
- 1941Sovereign debtgmd, rr2 sources
- 1942Sovereign debtrr1 source
- 1943Sovereign debtrr1 source
- 1944Sovereign debtrr1 source
- 1945Currencygmd, rr2 sourcesSovereign debtgmd, rr2 sources
- 1946Currencyrr1 sourceSovereign debtrr1 source
- 1947Sovereign debtrr1 source
- 1948Sovereign debtrr1 source
- 1949Sovereign debtrr1 source
- 1950Sovereign debtrr1 source
- 1951Sovereign debtrr1 source
- 1952Sovereign debtrr1 source
- 1953Sovereign debtrr1 source
- 1954Sovereign debtrr1 source
- 1955Sovereign debtrr1 source
- 1956Sovereign debtrr1 source
- 1957Currencygmd, rr2 sourcesSovereign debtrr1 source
- 1958Sovereign debtrr1 source
- 1959Sovereign debtrr1 source
- 1960Sovereign debtrr1 source
- 1961Sovereign debtrr1 source
- 1962Sovereign debtrr1 source
- 1963Sovereign debtrr1 source
- 1964Sovereign debtrr1 source
- 1965Sovereign debtrr1 source
- 1966Sovereign debtrr1 source
- 1967Sovereign debtrr1 source
- 1968Currencygmd, rr2 sources
Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology
Laeven-Valencia banking-crisis detail
Laeven-Valencia reports fiscal cost and output loss for systemic banking crises only. This episode involves sovereign debt and currency crises, for which no comparable cost figures exist in the source chronologies.
Macro context, 1934–1975
Seven years either side of the episode. Each panel has its own scale; the crisis window is shaded. Only indicators with data for Hungary in this window are shown. Bank credit growth (year over year in total loans) is available for the 18 Jordà-Schularick-Taylor advanced economies.
Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 (credit) Real GDP growth is derived as the year-over-year change in real GDP; current account and government debt are percent of GDP; policy rate is the central-bank rate; bank credit growth is the year-over-year change in JST total loans. Methodology
How each source dates this episode
The chronologies disagree on start years and durations. This table is generated from the event rows, not curated: it lists, per crisis type, which source flags which years inside the window.
- Global Macro Database1941, 1945
- Reinhart-Rogoff1941, 1942, 1943, 1944, 1945, 1946, 1947, 1948, 1949, 1950, 1951, 1952, 1953, 1954, 1955, 1956, 1957, 1958, 1959, 1960, 1961, 1962, 1963, 1964, 1965, 1966, 1967
- Global Macro Database1945, 1957, 1968
- Reinhart-Rogoff1945, 1946, 1957, 1968
Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology
Policy-response case studies (external)
For qualitative accounts of how authorities intervened in systemic crises, see the Yale Program on Financial Stability New Bagehot Project, a library of financial-crisis intervention case studies. It is a separate qualitative resource; no specific case is asserted to match this episode.