The formation and history of Hungarian financial supervision from the Reformation to the Great War

Abstract

Until the 1830s and 1840s, the financial services provided by financial institutions in Hungary were small. However, with the change in the legal environment, this situation went through a leap from the 1860s until the First World War. The number of financial institutions rose to over a thousand in half a century, which justified the institutionalized appearance and operation of financial supervision. However, this is the result of a longer process that has emerged after considering a number of theoretical options and heated debates.