ANTI-CRISIS POLICY THE VISEGRAD GROUP COUNTRIES

Anatoliy Briatko

Abstract


This study is focused on the analysis of the anti-crisis and post crisis policies of the Visegrad Group countries during the Global financial and economic crisis. The main pre-crisis macroeconomic conditions such as GDP growth, current account balance, refinancing rate, debt and currency policy of each country are determined. The key components of government crisis management in the field of public and private administration are checked. The most effective measures for crisis management and creation of foundations for sustainable economic growth of developing countries are defined. The results of the policies are summarized and, on its basis, the state success rating is constructed.

Keywords


global financial and economic crisis; crisis regulation; Visegrad Group countries; post-crisis growth

Full Text:

PDF>PDF

References


Anti-crisis package of hundreds of billions of Hungarian enterprises. NOL. Retrieved from http://nol.hu/gazdasag/tobbszaz_milliardos_csomag_vallalkozasoknak-307220 [in Hungarian] [Accessed on July 2016]

Base rate history. MNB. Retrieved from http://www.mnb.hu/en/Jegybanki_alapkamat_alakulasa?datefrom=01%2F01%2F2006&datetill=31%2F12%2F2014&order=0 [Accessed on August 2016]

Base interest rate. National Bank of Slovakia. Retrieved from http://www.nbs.sk/en/statistics/data-categories-of-sdds/interest-rates/interest-rates-of-the-ecb [Accessed on August 2016]

Briatko, A. A. (2016). Anti-crisis policy of the European post-soviet countries: common characteristics and national features. Bulletin of Mariupol State University. Economics, №11, pp. 92-102

Butorina, O. V. (2009). Anti-crisis strategy of the European Union: near and far boundaries. Politia, №3, pp. 115-131

Central government debt, total (% to GDP). The World Bank. Retrieved from http://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS?page=1 [Accessed on September 2016]

Current account balance. The World Bank. Retrieved from http://data.worldbank.org/indicator/BN.CAB.XOKA.GD.ZS [Accessed on August 2016]

Czech Republic Government Debt to GDP 1995-2016. Trading economies. Retrieved from http://www.tradingeconomics.com/czech-republic/government-debt-to-gdp [Accessed on September 2016]

External debt of Czech Republic. The voice of Sweden. Retrieved from http://svspb.net/danmark/vneshnij-dolg.php?l=chehija [in Russian] [Accessed on October 2016]

External debt of Hungary. The voice of Sweden. Retrieved from http://svspb.net/danmark/vneshnij-dolg.php?l=vengrija [in Russian] [Accessed on October 2016]

External debt of Poland. The voice of Sweden. Retrieved from http://svspb.net/danmark/vneshnij-dolg.php?l=polsha [in Russian] [Accessed on October 2016]

External debt of Slovak Republic. The voice of Sweden. Retrieved from http://svspb.net/danmark/vneshnij-dolg.php?l=slovakija [in Russian] [Accessed on October 2016]

Kulikova, N. V., Sinitsyna, I. S., & Buharin, N. I. (2009). In: N. Kulikova et al., eds. Centralnaya i Yugo-Vostochnaya Evropa – 2008: Ispytanie mirovym krizisom (Central and South-Eastern Europe - 2008: Trial of the global crisis). Moscow: Institute of Economics of the Russian Academy of Sciences [in Russian]

Interest rates (1998-2015). National Bank of Poland. Retrieved from http://www.nbp.pl/homen.aspx?f=/en/dzienne/stopy_archiwum.htm [Accessed on September 2016]

National Crisis Management Plan. Government of Czech Republic. Retrieved from http://www.vlada.cz/assets/media-centrum/predstavujeme/narodni-protikrizovy-plan.pdf [Accessed on September 2016]

Net current transfers from abroad. The World Bank. Retrieved from http://data.worldbank.org/indicator/NY.TRF.NCTR.CN [Accessed on September 2016]

Poland Government Debt to GDP 1995-2016. Trading economies. Retrieved from http://www.tradingeconomics.com/poland/government-debt-to-gdp [Accessed on September 2016]

Slovakia Government Debt to GDP 1998-2016. Trading economies. Retrieved from http://www.tradingeconomics.com/slovakia/government-debt-to-gdp [Accessed on September 2016]

The main instruments of monetary policy. Czech national bank. Retrieved from http://www.cnb.cz/en/monetary_policy/instruments/#facilities [Accessed on September 2016]

The World Bank. 2016. Data base. Retrieved from http://data.worldbank.org [Accessed on August 2016]


Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Anatoliy Briatko

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

ISSN (Print) : 2449-7320

ISSN (Online) : 2449-8726