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7min chapter
Emil Verner on Banking Crises, Credit Booms, and the Rise of Populism
Macro Musings with David Beckworth
Populism and Financial Crises: A Case Study of Hungary
This chapter explores how the 2007-2009 financial crisis fueled the rise of populism, with a focus on Hungary's political landscape. It examines the role of economic distress, particularly through foreign currency loans, in transforming citizen sentiments and empowering populist movements against established political elites.
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