AHC: Austria-Hungary as Industrialized as France by 1914

[SealTheRealDeal]

Through the 1900s, the establishment of a separate national bank was quite a huge goal of pretty much all of the Hungarian governments of the time period. Had one of these governments actually succeeded, would such matter have increased the economic prospects of Transleithania? What do you think?

It would have been the death of Austria-Hungary as a coherent entity. You can't have a monetary union without united monetary policy.

 

[Aghasverov]

Through the 1900s, the establishment of a separate national bank was quite a huge goal of pretty much all of the Hungarian governments of the time period. Had one of these governments actually succeeded, would such matter have increased the economic prospects of Transleithania? What do you think?

I think it absolutely would have... if it were managed well and had sufficient financing.

 

[Aghasverov]

It would have been the death of Austria-Hungary as a coherent entity. You can't have a monetary union without united monetary policy.

You could still have a monetary union and a coordinated policy with two essentially separate national banks. The Latin Monetary Union and the Scandinavian Monetary Union were both composed of countries with autonomous banking institutions... in the case of the LMU though, a little TOO autonomous...

 

[SealTheRealDeal]

The Latin Monetary Union and the Scandinavian Monetary Union were both composed of countries with autonomous banking institutions... in the case of the LMU though, a little TOO autonomous...

One never really worked then fell apart, the other fell apart over a war none of its members were even part of. I wouldn't say either indicates anything positive.

 

[Fehérvári]

I guess it's a no-go then