Document Type

Lessons Learned

JEL Codes

G01, G29


During Hungary’s transition from socialism from 1990 to 1994, Péter Ákos Bod served as minister of industry and trade and then for three years as governor of the National Bank of Hungary (Magyar Nemzeti Bank, or MNB). Following his public sector career in Hungary, Bod served as a director of the European Bank for Reconstruction and Development. Currently, he is a professor at Corvinus University in Budapest in the department of economic policy. This Lesson Learned is based on an interview with Bod on April 26, 2022.